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Mortgage rates WISH they were still at 2.97%–the number conveyed today by Freddie Mac’s weekly survey.  Freddie’s data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that bond market volatility has been elevated recently is an understatement of extreme proportions.  Things…

Are you looking for refinancing loan options on a home in San Diego, Los Angeles or elsewhere in California? Are you aware many Loan Limits have increased? Choosing the correct Refinance Loan Solution and Loan Team that matches your goals for your given scenario, in todays Loan Market Place can be a very confusing process.…

Fri-Volatility has returned to the mortgage market in grand fashion this past week with many lenders quoting rates that are as much as a half of a point higher than they were to begin the week.  That means if you were looking at something in the 2.75% neighborhood last Monday, it could be 3.250% today.  What…

Recovery prospects, renewed focus on stimulus, inflation concerns, a brighter Covid outlook, etc…  All of these are reasons for an ongoing, gradual trend toward higher rates in 2021 (i.e. general bond market weakness) but none of them really explain why the bond market had its worst day in months today specifically.  Still, pundits are pointing to the…

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…