This past week, Freddie Mac reported the 30-year home loan rate with Full Documentation hit an average all-time low of 3.15%. As the unofficial start of summer has begun and states continue to reopen, this is welcome news, but there is even more to the story. Refinance activity remains elevated and with the average refinance…

Treasuries declined along the curve on Tuesday, as optimism surrounding a potential coronavirus vaccine and hope for a recovery in business activity seemed to reduce demand for U.S. government bonds. The perceived risk-on mood seemed to overshadow fresh reports that the Trump Administration was displeased with Beijing, and was looking at a range of options…

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Home loan rates remain near historic lows and have stabilized, thanks mainly to the Federal Reserve, as the central bank continues to purchase mortgage-backed securities on a daily basis. The Fed also helped rates this past week in another way, but it may have been unintentional. Fed Chairman Powell spoke last Wednesday and uttered remarks…

NOTE: While Rates are at all time lows or close on all of our Conventional Loan Products like FNMA, FHA, and VA Loans, one of the effects of the Coronavirus situation was the enormous destabilization of the Jumbo Loan and Non QM mortgage-backed securities (MBS) market that happened back in mid-March. With recent Market corrections,  it…

Home loan rates continue to hover near all-time lows, but there are three reasons why they should have improved but didn’t. Let’s take a look at some of the “Bond-friendly” news from this week that was unable to push mortgage-backed security (MBS) prices higher and home loan rates lower. Unemployment: The unemployment line is growing. This…

What If I Lost My Job After I Applied for A Mortgage? When you first apply for a loan, there’s an income verification process. If you lost your job or have been furloughed due to COVID-19, then you’ll want to report this status change to the lender. It’s common practice to verify the income once…

Breaking NEWS!!   Fannie, Freddie Will Buy Loans In Immediate Forbearance The Federal Housing Finance Agency (FHFA) this morning announced that it is approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by government-sponsored enterprises Fannie Mae and Freddie Mac. “We are focused on keeping the mortgage market working for current…

In spite of Covid-19 Market conditions, Our construction solutions are ramped up. Dan Cassel and Trinity Mortgage Brokers work with solid loan sources to place and fund both Primary and Investment Construction Loans and Real Estate Investment Solutions in Southern and Central California, non rural. We are generally able to close these loans in less…

The CARES Act helps ease some of the financial burden on homeowners with help thru a government-backed loans. Homeowners with these loans who have lost income due to the COVID-19 can suspend mortgage payments for up to 12 months. This law also pauses foreclosures, foreclosure-related evictions, and changes credit reporting during the health crisis. In…