Dan Cassel and his Reliable Daily Mortgage Market News and a Current Rate information Link   Daily Mortgage Market News and Current Rate information Link  Dan Cassel is a Independent Mortgage Expert and Loan Team located in San Diego California. Dan Cassel has been in Real Estate Lending and Real Estate Asset Management since 1992. He…

This past week, home loan rates hovered near the lowest levels in over a month as the Federal Reserve raised rates once again. Let’s walk through the Fed Meeting and the other big events impacting the markets. Fed Funds Rate Hike “Some additional policy firming may be appropriate” – FOMC Monetary Policy Statement on 3/22/2023.…

Let’s start today’s rate coverage with a public service announcement on the best way to be a consumer of mortgage rate data online. It can be quite a chore to make sense of day-to-day mortgage rate movement recently.  Even after doing as much as can possibly be done to ensure apples-to-apples comparisons, there can still…

Dan Cassel and Trinity Mortgage Now Offer one of the industry’s only Bank Statement 2nd Trust Deed Loan Programs on up to $1MM Cash for our Qualified Borrowers. This is a home equity loan, not a HELOC. All funds are distributed at one time. These cash-out, debt consolidation, or piggy-back purchase junior lien programs are…

Did you know that we fund loans for borrowers who are newly self-employed? If you or Your Borrowers have switched from W2 to Consulting/1099; we will consider less than 2 years seasoning.  We have a common sense Loan Team with a proven track record and quick turn times which makes the experience seamless. We also…

Last week multiple inflation readings came in higher than expected and home loan rates ticked higher. Let’s walk through what happened and what to watch in the week ahead. “More upside inflation surprises could make Fed Policy more aggressive.” Ohio Fed President Loretta Mester. What happened? We thought inflation was on the decline. Even Fed…

Has your Real Estate Loan been “Turned Down” by your local Bank or Broker?? Or did your loan details change? Maybe they just do not offer the Real Estate loan you really need because you are Self-Employed and cannot document via W 2 income? Or they require more reserves and down than you have committed…

What is a “Jumbo” Home Loan? A Jumbo Home Loan is not a “one size fits all” Mortgage Loan. This loan exceeds base amounts set by Fannie Mae and Freddie Mac Guidelines. So, it is up to the Lender to determine the ceiling loan amounts and those can vary county by county. Because this is…

Type of projects: Generally Non Owner Occupied Residential but some Commercial $ too – SFR, Multi Family, Condos, Broken projects, Land, Bridge money also available. 1st trust deeds and 2nd Trust deeds. 2nd TD Business Purpose Owner Occupied Loans with 6 Mo Banks Statements! 250k to 1 Mil ++ Rates have moved up and PM…

Interest rates hover near the best levels since September, despite several good economic readings reported. Let’s discuss what happened and see what is coming next week. Economy Grew to Finish 2022 Gross Domestic Product, a measure of economic growth, for the Fourth Quarter 2022 showed the economy expanded at a 2.9% annual rate, down slightly…