Mortgage rates have fallen fairly consistently over the past 2.5 weeks with the past 2 days seeing some of the better improvements.  There haven’t been any major revelations behind the move, but timing plays a role.  Last week ended with a stronger-than-expected jobs report.  That’s the sort of thing that typically pushes rates higher, but the bond…

Dan Cassel and the Trinity Mortgage Broker team work with our Borrowers on each Mortgage Loan Application to achieve success. Upon our Submission of a Borrowers Loan paperwork and all items being acceptable to the Bank, Initial disclosures like these below are sent out to the Borrower from the Bank. These “Basic” Mortgage Loan Conditions…

Mortgage rates are primarily a function of trading levels in the bond market and bonds have enjoyed (or suffered) an interesting mix of volatility and stability in June.  US Treasury yields (which share a strong correlation with mortgage rates) moved sharply lower at the beginning of the month.  Mortgages didn’t move quite as much, but…

Lumber prices are falling back to Earth. Futures for July delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of $1,711.20 reached in early May. Futures have declined 14 of the past 16 trading days. Cash lumber prices are also crashing. Pricing service Random Lengths said Friday that its framing…

Mortgage rates had a great week last week, ultimately getting very close to the lowest levels since March.  One of the main sources of motivation was the market phenomenon known as a “short squeeze.”  In not so many words, this means that too many traders were betting on rates moving higher for them to all be right,…

Mortgage Loan Rates were higher again today with multiple lenders making additional upward adjustments in the middle of the day in response to bond market volatility.  The prices/yields of certain bonds are the primary building blocks for lenders as they determine where to set mortgage rates every day. Bonds respond to a variety of inputs, with…

  Wishing you and your family a day filled with love and comfort as the USA celebrates our Fallen Warriors. We are grateful for their Amazing Sacrifices! In observance of Memorial Day, our offices will be closed on  Monday, May 31st, 2021  Regular Business Hours resume Tuesday June 1st, 2021

Dan Cassel and the Trinity Mortgage Broker team in San Diego California have been committed to helping families, business owners and Investors achieve their Real Estate Dreams since 2009. Our Mortgage Loan Platform, and our solid, reliable FNMA and NON-QM Loan Networks allow us to deliver Purchase and Refinance Mortgage loans throughout California that many…

While Mortgage Backed Securities investors are still assessing and closely monitoring the ongoing Forbearance details from FNMA for 2 Million plus Homeowners, due to COVID-19, we also have inflationary signs and Housing inventory shortages. Mortgage rates began this week in line with last weeks levels, for the most part.  Yet Bonds began to deteriorate modestly after a scheduled Treasury…