TJ Gale-Loan Officer for First Colony Mortgage Licensed in AL, UT

06/08/2025

Hahahaha

True story.

02/18/2025

https://investors.redfin.com/news-events/press-releases/detail/1269/redfin-reports-housing-supply-hits-highest-level-since?distinct_id=BkJcdVlwx

The typical home that sold sat on the market for 56 days—the longest of any January since 2020 SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN)…...

02/17/2025

🛌 4 🛀 5 🚘 8
📍 #121/11432 Fox Hollow Court, Hideout, UT, 84036

My latest listing on RateMyAgent.
UT 11352999-SA00
https://rma.reviews/q9jwdzoth5ef
..

02/11/2025

Here is what housing is doing nationally! What do you want to see happen in your area?
"The MBS Highway National Housing Index rose five points in February 2025, as both buyer activity and price direction saw seasonal increases, albeit less pronounced than last year. "

09/16/2024

I absolutely love getting these alerts! Enjoy your new home!

03/01/2024

"Mortgage Rates have improved considerably from their peak of 8%, and their trajectory this year will be highly influenced by the path of inflation and the Federal Reserve’s actions.

After hiking rates at one of the fastest paces we have ever seen in history to help reduce very high inflation, the market is trying to anticipate when the Fed will begin cutting rates and slow the reduction of their balance sheet, as these actions should help lower Mortgage Rates.

One of the most important items the Fed is watching is their preferred measure of inflation, Core Personal Consumption Expenditures (PCE), which will need to move confidently towards their 2% target. The most recent inflation reading shows that Core inflation is at 2.9%, which is still above the Fed’s target. But the recent 6-month pace is trending at 1.85% on an annual basis and shows that inflation is heading where the Fed wants, it will likely just take some time.

The market is expecting that the Fed should start cutting rates at their May 1 meeting. If this translates to lower mortgage rates, the additional home buying interest would most likely support home prices rising further."
As of 1/29/2024
Credit-

12/12/2023

Would any of my Realtor friends be interested in a full detailed sit down about my lending process? (Tag someone who could be interested) I'd love to help you have detailed knowledge of what goes on so you can best advise/help your clients.

1. Front to back exactly what my process is with a client
2. What is see when I look up interest rates and price things out, including how credit score, DTI, down payment and income determine different rates for different clients.
3. What my processing and underwriting team does
4. A discussion about brokering vs direct lending
5. Marketing tools that I have available for free for you to use

More if time allows or you want more information about specific subjects like appraisals or lending rules.
This would be 1 on 1 in my office. It could be amazing for new agents or those who have never seen a full break down like this. We can go as fast or slow through the information as you would like. A condensed version would be 30-45 mins and a longer version could be 2 hours depending on how detailed you want me to be.

I haven't done this over Zoom yet, but for the UT agents I can set that up for you if you're interested!

08/19/2023

At this point "high rates" are old news. We were already close to hitting the highest levels in more than 20 years last week, so it wasn't a huge surprise to achieve that dubious distinction this Thursday. Some sources see the record-breaking rate at 7.09% for a 30yr fixed while others...

08/07/2023

One of the most misunderstood parts of the market right now is the gains that we are seeing for sellers. Home prices are UP nationally! Even with some of the highest interest rates we have seen since the year 2000. The demand for housing is real. Appreciation is up and those who are waiting for the giant price drop in the housing market are possibly going to be left frustrated.
Chart Credit MBS Highway. (Prices and appreciation for 2023)

08/07/2023

This happens way too often 😂😂😂

06/24/2023

"There is so little inventory available on the resale side that it's pushing buyers to pay the premium for new as compared to resell because there just isn't a lot out there that's desirable for them," KB Home Chairman, President, and CEO Jeffrey Mezger said this week on the builder’s investor call. "So we're pretty pleased."

A fistful of housing data this week essentially declared who is winning in the current housing market. It’s certainly not homebuyers, who are picking through too-few choices to buy at still-high prices and elevated mortgage rates. It’s not sellers, many of whom are not even in the game. The winn...