Main Content

Posts Tagged ‘Dean Rathbun’

La Quinta & Palm Springs Area Real Estate Market

about a possible government default have had negative effects on both interest rates and consumer sentiment and are directly impacting the housing market. While new home sales continued to improve as tight supply remained an issue in the existing housing market, demand could dip in the short term as rates remain elevated. With consumer spending staying solid and inflation not easing in the latest reading, the housing market could face additional headwinds as the Fed contemplate on having another rate hike in their June meeting.

Good Interest Rates and Homebuying Financing

Good Interest Rates and Homebuying Financing options for buyers who qualify and are interested in using a Jumbo Loan to purchase their home. Rates have jumped quite a bit this week as the 10-year Treasury has now cleared over 3.701% at tim...

Let’s Stop the Madness!!

about a “penalty” that high FICO borrowers would have to pay on behalf of lower FICO borrowers. Initially, I was a little confused as to why all of the sudden interest in this topic from friends and family who typically have little interest in the mortgage industry aside from the occasional, “How’s business?” discussion.

A Word from Dean Rathbun

A Word from , Dean Rathbun with United American Mortgage : Rates are up again this week (April 21st, 2023) and I am now baffled. Yields continue to push up as the debate goes back and forth on the FED’s next move in May. When I did my first loan back in 1988 there was no such thing as 0 point loans. 1 or even 2 points were the common costs paid by consumers when closing a loan and analyzing their interest rate options. This is coming back now as the secondary markets have stopped paying up for mortgages with zero points. Why?…The mortgage markets are keenly aware that the majority of loans being done now will be refinanced soon rates come back down…which is heavily anticipated to happen within the next 2 years or less. When that happens the servicing companies incur what is called a “run-off” where the loans are paid off and refinanced. That makes the value of the mortgages less today since they will not have the interest being earned for a very long period of time.

Retired and Purchasing a Home in the Desert?

Retired and Purchasing a Home in the Desert? Did you know that there are several solutions for borrowing money for a mortgage, even if you are retired? Our preferred lender, Dean Rathbun with United American Mortgage, works in this arena often so I checked with him how he does it:

ARMs are NOW a MUST

ARM’s are NOW a MUST. Team Member, Dean Rathbun, sent an email on February 17th on the current market of home mortgages.

What to Know About Financing Your Home in the Desert

What to Know About Financing Your Home in the Desert. My team member, Dean Rathbun, United American Mortgage Corporation, sent out an email with details of what he’s watching in today’s market.

Getting Back to Normal in the Desert

Getting Back to Normal in the Desert. Payrolls jumped a stunning 467,000 jobs in January. Wow!!! That is a huge number folks. Employment levels are getting back to pre-pandemic numbers and that means normalizing rates.

Fixed vs. ARM? Which is right for you?

Fixed vs. ARM? Which is right for you? These days there are many mortgage products to choose from. The most common is a 30-year fixed rate, but is that really best for you? A 30-year amortized fixed rate loan means the payment is fixed for the...

A Little Something from Dean Rathbun

I received an email from Dean Rathbun today and I agree with him, “This is natural economics folks. Nothing fancy. Watch how it plays out.”

« Previous 1 2

Mortgage Calculator

Owning a home is a great investment and it is key to plan your mortgage payments ahead of time. Calculate your monthly mortgage using our free calculator below.

DISCLAIMER: The information found in these calculators are to be used as a guide and is deemed reliable but not guaranteed. Please schedule an appointment today to find out more information about your loan.

Mary L Williams and Associates