Kevin Whatley's (kwhatley1) Blog

Mortgage and Lending - Universal Home Mortgage



For people trying to time the mortgage market for the best rate, clues about the future of mortgage rates may be at the local gas station. Rising gas prices are indicative of the rising cost of energy and, indeed, crude oil appears to be on a continual rise upward.  As these energy costs grow, s...
The Pareto Principle is a statistical concept most commonly known as the 80/20 Rule.  It says 80 percent of the effects come from 20 of the causes. Apparently, the 80/20 Rule applies to foreclosures, too -- at least according to data compiled by foreclosure-tracking firm RealtyTrac. Based on dat...
Tighter mortgage guidelines since late-2008 are forcing home buyers to make bigger downpayments.  Anecdotally, the change has led to a surge in buyers taking gifts of cash from family members. If you're among those accepting a cash gift from family, it's important to know that you can't just dep...
Since Memorial Day, conforming mortgage rates have jumped by more than 1.125 percent, adding thousands of dollars to the annual cost of homeownership. To the casual observer, the moves may seem random.  There's a reason this is happening, however.  It starts with inflation. As an economic force,...

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