Guess who’s back, back again… Teti’s back, tell a friend! Oh it feels good to be back in the blog scene. We’ve been doing some very exciting things here at Princeton, so I am sorry about the short hiatus. It’s kind of like when those authors go off the grid and then show back up with a full series of Harry Potter novels. Well… maybe not to that scale but you get the idea. Yesterday marked my 1-year anniversary here at Princeton Mortgage. Now you may think that the title of th

How was your weekend? For me, it was jammed packed… after finishing up a long week, the team and I took in a few libations at a local watering hole in celebration of Josh Teti’s birthday (Happy Birthday Josh… sorry I didn’t send you a Facebook message… are people still over the top with that?). Then bright and early Saturday morning I jumped into the car and headed down to Charlottesville, VA (5 hours from the Burgh) for a graduation party (Go Cavaliers!). After spending the

Yesterday, the team here at Princeton Mortgage (Pittsburgh) ran the 10th Annual Pittsburgh Marathon. I must say that for five guys that drink more beer than water… I’m awfully proud. Additionally, we have a list of injuries like a hockey team. Earlier this winter, Charles Howell (National Closing Manager) sprained his ankle playing rec basketball and in the process of spraining that ankle he also chipped a bone in his foot. Joshua Teti (Processing & Opening Manager) pulled hi

The 10-year Treasury Note is about 25bps from hitting 3%. This is the 10-year’s highest level since January of 2014. Okay? So, what does that mean? Well… the 10-year Treasury yield is a good barometer for long-term fixed rate loan products and when the 10-year goes up, typically mortgage interest rates follow suit. Typically, stock market movement like we’ve seen means that investors will move their money to the bond market, but because of growing concerns for the U.S. defici

In our industry, it’s normal rhetoric to hear phrases like “a $400,000 loan amount”, or “our goal is to fund $350 million this month”, but you don’t normally hear this one… one BILLION dollars. Now that’s a number that grabs a lot of attention. And typically, that would be a number that Timothy Sloan, Wells Fargo President and CEO, would write on a white-board during projected sales meetings. However, that dollar amount just had a much bigger effect on Timothy and his company

When I was in high school, there was basically 2 options after graduation, 1) go to college, 2) go to a technical school and enter a trade industry. I would say the majority of my friends (90% or so) went to college, chose a major, graduated, and are now working at a job or in an industry that has nothing to do with their major. Additionally, I would say that 90% of that 90% are paying back student loans that they needed to take out (because most people don’t have hundreds of

Over the past decades, there have been some incredible entrepreneurs and innovators that have helped advance technology, create new industries, and help our society adapt to the ever-changing landscape. People like James Cameron breaking the boundaries of directing, or the late Steve Jobs who is responsible for creating the Apple empire and brand, or what about Sheila Lirio Marcelo, (I know, right… who is that?) who founded the world’s largest online destination for finding a