Michael Inkman

Fairway Independent Mortgage Corp.

  • Home
  • About
    • About Michael
    • Accessibility Statement
  • Types of Loans
    • Reverse Mortgages
    • 203K Rehab Loans
    • Get Pre-Approved
    • Conventional
    • FHA Loans
    • Jumbo Mortgage Loans
    • USDA Home Loans
    • VA Loans
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Home Purchase
    • Home Refinance
    • Home Inspection
    • Home Appraisal
    • Mortgage FAQ
    • Mortgage Glossary
  • Reviews
    • Google Reviews
    • Read Reviews
    • Leave a Review
  • Get Pre-Approved
  • Contact

3 Tips for A More Productive Day

August 1, 2013 by Michael Inkman Leave a Comment

Do you start each day with a plan for action?

Most people do. Whether they make a to do list or leave emails in their inbox to work on throughout the day, they have some way to manage their tasks and projects. Each day, however, we manage more than just time. We manage conversations, meetings and interruptions.

Have you ever noticed your productivity actually goes up the fewer times you’re interrupted during the day? This is the reason some people block time on their calendar; it is a way to specify the hours (or minutes) of the day that will go toward a specific task or project. For many people, however, they don’t have that much control over their schedule or calendar. If that is the case, here are three habits to practice to have a more productive year:

  • Arrive early. To meetings, airports, appointments, to the office, etc. When you arrive early, you are refreshed and relaxed. Instead of scrambling at the last minute and being stressed out from traffic, delays or other “unscheduled” surprises, you will be able to find a place to sit down and perhaps even review the meeting materials, or read something you have been waiting until you had time to read. This sets you up for success. You have a cushion of time if there is a delay or if you arrive early and can get something done (see tips below). [Read more…]

Filed Under: Uncategorized

Fed Meeting Statement Positive For Ongoing Mortgage Sector Support

August 1, 2013 by Michael Inkman Leave a Comment

Fed Meeting Statement Positive For Ongoing Mortgage Sector Support

There was potentially good news for mortgage rates on Wednesday as the Fed’s Federal Open Market Committee (FOMC) announced that its quantitative easing (QE) program would remain unchanged for the present.

Economists expect the Fed to begin tapering the amount of QE toward the end of the year in accordance with Chairman Ben Bernanke’s previous statements that “tapering” would likely begin near year-end.

No specific date for reducing the QE assets purchases was given.

Chairman Bernanke has previously indicated that the Fed will closely review domestic and global economic developments as part of its decision-making process for changing the QE program. Wednesday’s FOMC statement reaffirmed this plan.

Fed Cites Economic Expansion and Improving Labor Conditions

The FOMC statement cited modest economic expansion, improving labor markets and continued high unemployment levels as a basis for continuing its current level of QE.

The Fed’s mandate requires it to support price stability and low unemployment; reversals in these or other economic areas could cause the Fed to continue its QE at present levels. At present, economists expect QE to end in mid-2014.

The FOMC statement also indicated that the target federal funds rate will remain between 0.00 and 0.25 percent at least until the national unemployment rate falls to 6.50 percent. Chairman Bernanke did not give a press conference after Wednesday’s statement was released.

Quantitative Easing: Monthly Purchase of MBS, Treasury Securities Intended to Control Mortgage Rates

The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly. These purchases are intended to control long-term interest rates including mortgage rates.

When the Fed begins tapering and eventually concludes these asset purchases, demand for MBS and Treasury securities are expected to fall and their prices will likely fall as well. When prices for bonds include MBS fall, mortgage rates traditionally rise.

With mortgage rates recently moving up, reducing the level of the Fed’s QE asset purchases is cause for concern. Higher mortgage rates make homes less affordable; the combination of rising home prices and mortgage rates presents challenges for first-time home buyers and others without sufficient funds for meeting higher down payments and monthly mortgage payments.

Now would be a very good time to ask your trusted mortgage professional for a personal review of your mortgage situation.  Give them a call and ask for your private assessment today.

Filed Under: Federal Reserve Tagged With: Federal Funds Rate, Federal Reserve, FOMC Statement, Unemployment Rate

Case Shiller Home Price Index Shows Rising Prices For May 2013

July 31, 2013 by Michael Inkman Leave a Comment

Case Shiller Home Price Index Shows Rising Prices For May 2013The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during the month of May.

The Case-Shiller 20-City Index showed increasing home prices for all 20 cities.

Highest Year-Over-Year Gains Included Theses Cities:

  • San Francisco, CA 24.50 percent
  • Las Vegas, NV 23.30 percent
  • Phoenix, AZ 20.60 percent
  • Atlanta, GA 20.10 percent
  • Los Angeles, CA 19.20 percent

In surprising news, Dallas, TX and Denver, CO posted record year-over-year price gains that surpassed their pre-crisis peaks.

Year-over-year home prices in Dallas increased by 7.60 percent and Denver home prices increased by 9.70 percent year-over-year in May.

Home prices grew by 12.20 percent on a year-over year basis in May; this reading fell short of expectations of 12.40 percent, but moved slightly ahead of April’s reading of a 12.10 percent year-over year increase.

The Case-Shiller HPI is based on a three-month rolling year-over-year average of home prices in the cities surveyed.

Cities Post Month-To- Month Price Gains 

On a seasonally-adjusted month-to-month basis, home prices rose by 1.00 percent in May as compared to April. Expectations were for a 1.40 percent increase over April’s reading, which came in at 1.70 percent.

Top Gains From April To May Were Posted By These Cities:

  • San Francisco, CA 4.30 percent
  • Chicago, IL 3.70 percent
  • Atlanta, GA 3.40 percent
  • San Diego, CA 3.10 percent
  • Seattle, WA 3.10 percent

Analysts noted that home prices for two metro areas in Florida surpassed year-over-year gains in Washington, D.C.; this illustrates home values shifting geographically.

Miami home prices posted a month-to gain of 2.00 percent and a year-over-year gain of 14.20 percent.

Tampa, FL home prices posted a month-to-month gain of 1.80 percent on a year-over-year gain of 10.90 percent.

Washington, D.C. home prices gained 2.00 percent month-to-month in May, but only gained 6.50 percent year-over-year.

Rising Mortgage Rates Could Slow Price Momentum

It’s important to understand that the data in the Case-Shiller HPI lags a couple of months behind current market conditions; the latest numbers were compiled prior to mortgage rates spiking. Economists expect that the impact of higher mortgage rates won’t be seen in home prices until fall.

Higher mortgage rates are expected to slow home sales. If the demand for homes falls due to higher mortgage rates, inventories of available homes would expand, which would create competition among home sellers and potentially lead to lower home prices.

For any questions regarding your mortgage rate and buying a home feel free to contact your trusted mortgage professional today.

Filed Under: Housing Analysis Tagged With: Case Shiller, Financial Reports, Housing Market, Mortgage Rates

  • « Previous Page
  • 1
  • …
  • 181
  • 182
  • 183
  • 184
  • 185
  • …
  • 219
  • Next Page »

Michael Inkman

Contact Michael


michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707

FIMC Logo

Connect with Me

Browse Articles By Category

Quick Links

  • About Michael
  • Accessibility Statement
  • Blog

The content on this website is written by Michael and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

Texas Consumer Complaint and
Recovery Fund Notice

Third Party FIMC: bestmortgageblog.com
Equal Housing Lender
Company NMLS #2289
For licensing information, go to: www.nmlsconsumeraccess.orgPrivacy Policy | Terms of Use
Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.

Office Location


4201 Marsh Lane
Carrollton, TX 75007

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in