What is a “Cash Out” Home Refinance Loan? This is a process where Dan Cassel and the Trinity Mortgage Broker team refinance your existing CA. Real Estate Loan with a New CA Home Loan for more than you currently owe on your house. It presumes you have equity built up in your California home. The…

Mortgage rates haven’t been moving much recently, but they’ve logged enough small victories to make it back to the lower levels this week seen on February 1st.  Depending on the specific scenario and the lender, a quoted rate may or may not be visibly different between now and then.  In cases where they seem to be the…

Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane.  Covid threw a wrench…

Mortgage Rates have risen modestly over the past few days with the average lender now offering the highest rates in roughly 2 weeks.  The ground covered during that time is fairly underwhelming unless you make a habit of examining day-to-day rate movement under a microscope.  In many cases, a prospective mortgage borrower would be seeing the same “note…

Mortgage Rates did surprisingly well last week, with the average lender getting reasonably close to all time lows by Wednesday.  After that, however, volatility in the bond market caused some concern about an unfriendly shift in rate momentum.  Today’s trading helps for now to soothe those concerns as the bond market (which dictates rates) held inside…

FHFA Extends Foreclosure and REO Eviction Moratoriums ​Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021.  The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium…

Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday.  The progress actually began earlier last week.  On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in response to the Georgia senate election.  The…

Martin Luther King Jr. was an American Baptist minister and activist who became the most visible spokesperson and leader in the civil rights movement from 1955 until his assassination in 1968. “I HAVE A DREAM” Speech (1963) I am happy to join with you today in what will go down in history as the greatest…

Mortgage rates had another solid day today–this time without any of the early drama seen yesterday.  If you’re just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election.  When bonds sell-off, it means bond PRICES are getting lower and bond YIELDS (aka RATES)…

Mortgage rates are coming off a rough week–the roughest, in fact, since June 2020 by some measures.  That’s the last time rates rose this quickly for market-driven reasons.  There were a few instances of bigger moves in Aug/Sept as the new refinance fee was announced, delayed, and ultimately implemented.  Either way, things aren’t great right…