Let’s keep this short and simple.  There are some major misconceptions out there today and for many of you, it’s very important to address them.  What are the misconceptions?   Misconception 1: Rates are lower today than they were yesterday This one is very easy to clear up.  It’s a frequent Thursday occurrence, actually.  It stems…

Some mortgage companies have generated buzz by advertising 30 yr fixed rates of 1.99%. While it is possible to obtain such a rate, there is definitely a catch. Rates are certainly low in the big picture.  Up until this week, they were as low as they’ve ever been.  The average lender was easily able to do…

With most lenders still easily able to quote a 30yr fixed under 3%, mortgage rates are very low in outright terms.  But relative to the recent trend and the general level of volatility, today  is still a bit rough.  Rates rose as fast as they’ve risen since early June, ultimately hitting the highest levels in more than 2…

There is quite a lot of mortgage news on interest rates this week.  More than normal.  AND most of the information on rates is wrong.  That bothers me! It’s pretty easy to see why to my team, as we are in lending. But does the Borrower follow how the rates news works? Follow me- Freddie…

Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower? This is an age old question any time rates fall to long-term lows.  In the past, the answer has been pretty easy.  If rates had fallen…

Mortgage rates did something over the past 3 days that they haven’t done since early June.  They moved sideways to slightly higher!  At the same time, interest rates in the broader bond market have been flashing a warning that the past 6 weeks of improvement might be meeting some resistance.  While that still may turn out to be…

Mortgage rates have been holding a very narrow range since July 9th.  They also hit new all-time lows on July 9th.  A few of the days since then have been slightly better and–less frequently–slightly worse, but any one of them is noticeably better than anything before July 9th.  This is the new reality of the mortgage market after…

Last Week in Review: Home Builders and Homebuyers Feeling Really Good This past week, the National Association of Home Builders (NAHB) reported that their Sentiment Index for June rose sharply to 72, thereby lifting the index to exactly where it was in March, prior to COVID-19. Within the report there were sharp increases in the…

Jumbo Home Loan Rates have been “hovering” around the all time low interest rate ranges since COVID-19, yet the Mortgage Secondary Markets for Jumbo loans have had some challenges.  This has led to a lot of confusion for homeowners and Mortgage Lenders.  We get that and help Borrowers navigate this unique market. Since 2009, Dan…

Who are our Home Refinance loans for? Ideally for clients who can fully document their income, but maybe not always with tax returns or conventional documentation. Many of our Refinance loan requests are for Salaried Borrowers however a fair percentage are Self-Employed, Business Owners, Real Estate Investors, Builders who may need some “documentation” Flexibility! They…