Shopping For a Mortgage… Do You Know What You Are Comparing?
AikenomicsIn this week’s article, I relate Elvis Presley's 1974 hit “Suspicious Minds” to how clients shopping for a mortgage should be very suspicious when comparing costs.
There is no doubt that the rate and loan program is very important,…
Stop Living In The Past
AikenomicsMy inspiration for this week’s article came from Jethro Tull’s 1969 hit “Living in The Past”. It seems that we cannot let go of the 2020-2022 timeframe when we had home prices rising at 10-20% per year in some areas, the multiple bid…
What If?
AikenomicsMy inspiration for this week’s article came from Christian singer Matthew West’s 2019 song “What If.” There are many questions and predictions as to where mortgage rates will be heading for the next several months, including the ones…
Where Do We Go From Here?
AikenomicsThis week’s “pop” hit comes from the 1970 B-side of the hit album “25 or 6 to 4” from the group Chicago, "Where Do We Go from Here.” The song talks about how we need to come together and now. After the election, that cannot be truer.…
What Is Happening?
AikenomicsBased on the election results last night, the majority of Americans who voted elected Donald Trump. There were many issues on the table, and the “big one” was the economy. The economy has been on everyone’s mind for the past several years,…
Hold On For One More Day
AikenomicsThis week’s “pop” hit is Wilson Phillips's 1990 “Hold On.” The song starts with “I know there’s pain...” which cannot be truer when watching what mortgage rates have done over the past 30 days. Mortgage rates have soared to…
For What It’s Worth
AikenomicsThis week’s “pop” hit is Buffalo Springfield's March 1966 hit “For What It’s Worth.” Many of the same things that were going on in 1966 are going on once again today. The two political parties currently are at the farthest ends…
Can You Feel It
AikenomicsThis week’s “pop” hit is the March of 1980 hit “Can You Feel It” by The Jackson 5. The song talks about feeling the change, and other than the weather changing, we are beginning to feel the change in the real estate market, going…
Shock The Monkey (or the Market)
AikenomicsThis week’s “pop” hit is the 1982 hit “Shock The Monkey” by Peter Gabriel. The song describes being shocked by a sudden jolt of electricity, or in our case… totally unexpected economic news. Here is what has happened over the past…
Just A Little Patience
AikenomicsThis week’s “pop” hit is the 1988 hit “Patience” by Guns & Roses. It seems everywhere we turn today someone is soliciting us to refinance NOW to a lower rate. Yes, 30-year fixed rates have come down to their current national…
I Can See Clearly Now
AikenomicsThis week’s “pop” hit is the 1972 hit “I Can See Clearly Now” by Johnny Nash. The month of September, from a mortgage rate perspective, has been dull with very little movement as the FED did exactly what most of us thought by cutting…
Here Comes the Sun
AikenomicsThis week’s “pop” hit is the 1969 hit “Here Comes the Sun” by The Beatles. The lyrics start out, “Little darlin', it's been a long, cold, lonely winter. Little darlin', it feels like years since it's been here”. It has been over…
Under Pressure
AikenomicsThis week’s “pop” hit is the October of 1981 “Under Pressure” by Queen & David Bowie. This could not be truer for our friends with the Federal Reserve as more and more data keep coming in showing that we are moving quickly into…
Closing Time… Every New Beginning Comes from Some Other Beginning’s End
AikenomicsThis week’s “pop” hit is the March of 1998 “Closing Time” by Semisonic. The song talks about new beginnings that take the place of old ideas that were once someone’s new ideas. This is needed in the mortgage business where today's…