John Downs

Certified Mortgage Advisor, Downs Mortgage Group @ Vellum Mortgage. DC, MD & VA housing data and opinions. Interests: Markets, Observations, Fitness NMLS 476406

[John Downs @AdvisorJohn]

@SactoGeoff This month?

[John Downs @AdvisorJohn]

@3mJamal I’ve seen some like this before. I just don’t get it. I always keep feeling there is more to the story that I’m not understanding…

[John Downs @AdvisorJohn]

@MarylandWLax @umterps This game was so awesome. Probably the most exciting game I’ve seen for Spalding. Makenna pulling out that OT goal for the win!

[John Downs @AdvisorJohn]

It has definitely picked up…deals are being negotiated, summer buyers are reengaging. But boy, celebrating a 6% jump while still being down double digits YoY is hard to do!

The sky is no longer falling…by chicken little keeps chirping…

[Scotsman Guide @ScotsmanGuide]

Mortgage applications rose 6.2% on a seasonally adjusted basis during the week ending Nov. 6 as rates fell to their lowest levels since mid-September, the @MBAMortgage said. Purchase applications were still 18% below a year earlier. https://t.co/7lpZpAs0Fs

[John Downs @AdvisorJohn]

@mortgagetruth Feels that way - that does come up. “That was a big problem in the financial crisis…”

I’m like, “but you are a financial crisis and this is a better way to fix it.”

Financial worry ages people…I just wish more wouldn’t the release valve when it exists.

[John Downs @AdvisorJohn]

I know too many people right now living paycheck to paycheck, taking out 401k loans, maxing out credit cards…while sitting on hundreds of thousands in home equity.

But HELOCs are bad, they say. What makes them think this way?

[John Downs @AdvisorJohn]

So funny - they all do. Endless open ended questions to finish every thought!

[PeePee🎀 @peegzy1]

ChatGPT really needs to learn how to end a conversation.

[John Downs @AdvisorJohn]

@krystalball Gotta play to win!

[John Downs @AdvisorJohn]

@NotScott91549 So true - Juneteenth almost got me this year!

[John Downs @AdvisorJohn]

This just came up in convo as I’m helping a realtor understand why her client (with another lender) can close Friday when the CD went out yesterday. The response:

“Why is it when the industry slows down, everything seems to get more F’d up…why, when you have so much more time!”

[John Downs @AdvisorJohn]

I’m so happy for my daughter, Ellie. If only everyone knew how long she has been dreaming for this moment, and how hard she has worked for this. Our family couldn’t be more excited!

[Duke Women's Lacrosse @DukeWLAX]

Welcome to the Family, Ellie Downs!

[John Downs @AdvisorJohn]

@Abomination81 @ThinkAppraiser Pools are definitely one of the largest wastes of money any normal homeowner can make. 9 years in my house with a pool…maybe 3-4 solid summers in the pool. Last few years…nothing. Maybe it’ll come back as a fun thing to use when kids come back after college??

[John Downs @AdvisorJohn]

I have to say, my Grok Bots are working so hard for me every day. It’s a shame I haven’t looked at any of their work for the past week or so…but they just keep working! Relentless…

##tokenabuse

[John Downs @AdvisorJohn]

@KristinLPLT So true! We always measure days from app vs days from closing and maintain that as our barometer. Funny how the focus of days from start vs “get it done by closing” flips the mindset and actions immediately!

[John Downs @AdvisorJohn]

When will Trump sell $INTC to go all in $NVDA?

[John Downs @AdvisorJohn]

@sidprabhu @NickWoolos 😂🤣😂

[John Downs @AdvisorJohn]

@jmhorp That’s hilarious!

[John Downs @AdvisorJohn]

@GentlemnJack That’s definitely an understatement!

[John Downs @AdvisorJohn]

My wife keeps asking me, “Why has our house not gone up in value the way all those Northern Virginia houses you work on have?”

I tell her the same thing every time she asks. “Jobs and the local economy…MD chases away revenue, and thrives on handouts.”

Yet another example…

[Polymarket @Polymarket]

JUST IN: Maryland activist helps block a $5B AI data center planned for the site of an abandoned shopping mall that closed 24 years ago, after gathering over 25,000 signatures.

[John Downs @AdvisorJohn]

“We need to charge more to those who are paying to subsidize those who are not.”

Everything in life these days…

[Polymarket @Polymarket]

JUST IN: Washington, D.C. transit officials consider increasing fares after finding that 64% of Metrobus passengers ride without paying.

[John Downs @AdvisorJohn]

@rustydish2331 @ResiVeteran True…but now HELOCs are everywhere for all credit types it seems.

[John Downs @AdvisorJohn]

Oops…”can’t close…”

[John Downs @AdvisorJohn]

@TheKevinDalton Seriously!!!