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As we head into warmer weather, the real estate market also heats up, historically.  Are higher rates keeping buyers on the fence?  The answer is maybe.  Interest rates are still low, when you look at them over the past few decades.  For example, I bought my first house at 13.875% on an FHA 30 year fixed.  I wasn't worried about it.  That was the going rate at that time.  Rates did go down and when I could refinance below 10%, I did.  I ended up refinancing again at 8%.

If you buy now and rates decrease, you can refinance (after your sixth payment).  If they stay the same or go up, then you'll be glad that you bought when you did.  There are some bargains out there.  I'd love to run some numbers to see what you would qualify for.

Just call me- Dru Scott 559-314-LEND

Thank you

Posted in:MortgagePosted in:Home loansPosted in:Real EstatePosted in:First time buyersPosted in:buy a home
Posted by DRU SCOTT on March 2nd, 2023 11:04 AM

Interest rates follow inflation.  For the most part, interest rates are elevated because our country is experiencing inflation.  Once the shock of higher rates wears off, consumers will get used to the new interest rates and borrow to buy homes as usual.  I bought my first home at a 13.875% interest rate.  That was a 30-year, fixed FHA loan.  As lower rates became available, I refinanced when it made sense.

Home prices have dropped.  By how much?  Well, that varies by location and price range.  It's a function of supply and demand.  Usually, higher priced homes are the first to drop and last to recover their value.

If you are a current homeowner and want to move up to a more expensive home, it might be a great time.  The idea is that the home you buy will save you more than any drop on the one you sell.

The beauty is that you can explore options, at no upfront cost,  by calling me before you make any decisions.

Posted by DRU SCOTT on February 7th, 2023 10:26 AM

We Moved Our All Access Mortgage Office

After proudly serving California’s home loan needs from Clovis for 13 ½ years, we moved to 1300 W Shaw Ave., Suite 3D, Fresno, CA 93711.   The email and phone numbers remain the same.

Called by some, the last honest Broker, we’ll still deliver great rates, fees, and outstanding service.

Whether you’ve worked with me in the past (lending since 1993) or you want to experience worry free financing that you’ll brag about, please give me a call.

Thank you in advance,


Dru Scott       559-314-5363/

Posted in:LendingPosted in:MortgagePosted in:Home loansPosted in:Real EstatePosted in:First time buyers
Posted by DRU SCOTT on March 4th, 2022 2:14 PM
2019 had been a great year for real estate.  The economy improved, yet interest rates remained low.  We look for more of the same in 2020.  Thank you for your support.
Posted by DRU SCOTT on December 20th, 2019 10:10 AM

What makes mortgage interest rates go up or down?

The simple answer is that mortgage rates are tied to the US economy.  I don't want to get too technical and explain mortgage backed securities and their relation to the 10 year US Treasury Bonds, which is the pool of funds that banks draw from.

I want to keep it simple by saying mortgage rates are tied to the current value of a US Dollar.  Inflation makes dollars worth less (higher rates) and recession makes dollars worth more (lower rates).  We're coming out of an extended recession and coming into an inflationary period.

The rule of thumb in a rising rates period is "the sooner, the better".

Posted by DRU SCOTT on October 11th, 2018 10:47 AM
Television and radio ads for home loans never cease to amaze me. The dirty little secret in lending is that corporations make huge piles of money by selling (or keeping for themselves) the servicing rights of home loans.  They know that if they just pad the rates by i/8 or 1/4 of a percent, it adds $10's of thousands of dollars to the shareholders income.
They lure unsuspecting borrowers by offering no origination charges or no fees.
Where the best option for borrowers may be low fees at a reasonable rate.
You need to check with us, because we have no shareholders to fund.  We just make common sense loans that are fully disclosed before you spend a penny.
Posted by DRU SCOTT on May 12th, 2016 11:11 AM

The simple answer to how the economy relates to home prices is, yes- they are related.

Home prices are affected by supply and demand.  Because people have a need to live a reasonable distance from where there are jobs, the supply tends to be somewhat limitted.

Therefore, as employment stabalizes (less unemployment) the demand for homeownerships goes up.  This demand drives prices up.

Posted in:General
Posted by DRU SCOTT on October 21st, 2013 1:31 PM

In real estate, the first three rules have traditionally been; 'loaction, location, location'.  Now we have to factor in terms like 'market collapse', 'double dip' and 'tightened lender restrictions'.  It sounds confusing.

I want you to rest at ease.  What is a bad situation for our economy and homeowners is great for buyers and those who have equity.  The prices have dropped to historic lows, while interest rates are also at historic lows.  It's a good time to buy or refinance to a lower rate.

The lender guidelines are almost identical to rules we worked under when I started in the lending industry.  While they are not the relaxed guidelines that helped cause our crisis, they are not unreasonably hard.  The lending guidelines are designed to help insure your success as a homeowner.  Now might be an historically great time to invest in your dream home.

Posted in:General
Posted by DRU SCOTT on August 12th, 2011 11:00 AM

There are some major economic and social factors that effect buying a home in today's market. 

  First, there is an over-supply of homes for sale.  The over supply has caused the prices of houses to fall.  That happens whenever there is more supply than demand.  The housing markets are very locational and varied by price range, but housing values in California are beggining to stablize and in some areas, increase.

   Secondly, the availibilty of mortgages is somewhat limited.  Mortgage lenders have had a tough time in the past few years.  Most lenders have gone bankrupt.  The ones that are still in business are very careful that they don't take on any more risk so they can stay in business.  This limits the financing options to only a handfull of choices.

   Now, perhaps more than ever, you need the honest, experienced guidance that we offer at All Access California.  We can guide you through the financing and help you to take advantage of historically low home prices.

  Please call today to speak with a friendly, knowledgable representative at 599-322-5005.

Thank you,

Dru Scott


Posted in:General
Posted by DRU SCOTT on May 29th, 2009 12:03 PM