The KCM Blog

Interest Rates

What Does Warren Buffet Think About Buying A Home?

January 30, 2012
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Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business agendas at times. That makes it very interesting when we occasionally learn of how he [...]

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The Power of Assumability

January 12, 2012
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One of the rarely touted advantages of people taking FHA mortgages today is the fact that they are assumable. What that means is, when the FHA homebuyer of today is looking to sell his home, a qualified purchaser can “take over” their loan. Most people believe that interest rates will return to a “normal” range [...]

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When the Prophet Says Buy – BUY!

January 9, 2012
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John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming Crash in the Housing Market correctly warning us that a real estate bubble was forming. [...]

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Mortgage Predictions for 2012

January 5, 2012
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It’s the time of year that we look ahead and attempt to give our best guesses about the market, the industry, and the effects they may have. So, here are my thoughts about the mortgage world: Interest Rates Should Be Stable With a faltering economy nationally and worldwide, including pessimistic estimates for employment, there is [...]

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The PRICE Is the Same, But the COST Is Less

November 16, 2011

There is more and more research coming out showing that it makes great financial sense to purchase a home today . Whether it be rent vs. buy ratios, income-to-price ratios or income-to-mortgage payment ratios, purchasing a home right now is a bargain compared to historic norms. Now we want to look at the COST of [...]

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Rates Stay Low, BUT Will Costs Go Up?

September 22, 2011

We are enjoying extremely low interest rates, for sure. With the global economy, the national economy and unemployment where they are, no one is predicting a dramatic change in rates any time soon. BUT, on Monday, the Obama Administration floated out some interesting proposals they are considering through the Acting Director of the Federal Housing Finance [...]

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