Business decisions drive mortgage rates

The actual money source from mortgages is pretty small.  It’s like a spring coming out of the side of the mountain.  In strong precipitation years, the spring flows freely and in low precipitation years, it flows more slowly.  Pretty much everyone goes there to get water.  Some years there are lots of people going to get water and in other years, few people are going to get water.  In comparison to the years 2002-06, we’re in a mortgage money draught. There’s not a lot of water.  There are also very few people going to get water.  But the water is pretty much the same.

Now, what each institution does with the water is different.  Some give it away for free. Some of them charge a reasonable fee.  Some overcharge for it.  That’s the difference in interest rates.  I often tell clients that we provide a competitive rate for our mortgages.  I never say we’re the “best rate” because some days we are and some days we aren’t and it’s impossible for me to know what’s so from day to day or even moment to moment.  Yet, I know that if we price ourselves in the market and remain competitive, and I know that my clients are well-served, if for no other reason than I need to sleep at night with a clean conscience.

March and April are the best months to set resolutions

We live in this world where we can get just about anything, anytime, shipped from anywhere.  Ecological issues aside, the point here is that our bodies and minds have long forgotten that NOTHING GROWS IN THE WINTER.  The focus of winter is fallowness—that is the time in which the ground is to take a break and repair itself from the fall’s harvest.  Instead what we do is throw big holiday parties and amp up the activity, physically and emotionally.  That kind of energy is counter to the energy of where we are on the Earth at that time.  We should be sleeping a lot.

If we wouldn’t put a seed in the ground in January to grow something for the year, why in the world would you expect a New Year’s resolution set on January 1st to stick?  Is it not the same thing?  Sure, there are people who are able to gut it out and make it happen.  But ask even them:  Is it not easier now that the days are longer and warmer?  This time of year is more conducive to cultivating and growing anything you wish to put in motion.

Reset your New Year’s resolution.  It might just stick.  If it has anything to do with getting your financial planning in order or taking care of your mortgage, give me a call.  I’ll make sure it does.