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On Veteran’s Day, we honor every man and woman who has served our country. Today, we look to the defenders and heroes of our nation in gratitude and remembrance. With over 20 million veterans in the United States, we have a lot of thanking to do! While our appreciation goes beyond words, it’s still important…

Need to review refinancing options on a home, or other real estate? Choosing a refinance product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole. We’re here to make the home refinance process a whole lot easier, with tools and expertise that will help…

The 2016 election won’t soon be forgotten in the mortgage or bond markets. Many of the predictions were dead wrong when it came to how interest rates would react to a Trump victory, and the reason ended up being very simple in hindsight. Are there any parallels that can help us prepare for the coming week? First…

When interest rates plummeted in response to the early realities of the pandemic back in March/April, mortgage rates did a terrible job of keeping pace with the broader bond market.  When we talk about the “broader bond market,” things like 10yr Treasury yields come to mind.  Over the years, 10yr yields and mortgage rates move with extraordinarily…

If you’re shopping for a purchase mortgage and if you’d previously received quotes from one of the slower moving lenders back in late July or early August, you may be looking at mortgage rates that are very close to all-time lows.  If you’re in the market for a refinance, you’re nowhere near all-time lows–especially if you count jumpier…

After rising at a medium-quick pace to begin the week, the past 3 days have been much calmer by comparison for mortgage rates. Today was the best example of that stability with the average lender effectively unchanged from yesterday’s latest levels. In addition, there were fewer mid-day price changes among lenders than on any of…

Mortgage Loan Rates have been spoiled, relatively, by an extraordinarily calm/narrow trading pattern in the bond market.  That’s important because the bond market directly affects the day to day changes in mortgage rates.  A narrow/calm trading pattern means bond prices aren’t moving.  The implication is that mortgage rates wouldn’t need to move much either. That WOULD be the case…

The average mortgage lender continues to offer top tier conventional 30yr fixed rates in the “high 2% to low 3%” neighborhood.  Exactly where any given quote will reside in that neighborhood depends on several factors.  The most important of those is the re-introduction of the new adverse market fee for all conventional refinances.  If you’re not up…

Fannie Mae and Freddie Mac are the two government sponsored agencies that guarantee timely payment of principal and interest to the investors who front the money that finances the American mortgage market. This guarantee means that more investors are willing to participate and at more advantageous rates for homeowners. Naturally, not every mortgage is repaid perfectly. Sometimes, payments are missed. In…

Yesterday’s policy announcement from the Federal Reserve had a chance to cause significant volatility for the bond market and the bond market is the chief ingredient in the mortgage rate equation.  But this time around, the Fed didn’t cause a measurable reaction in the mortgage market. I’m frequently asked whether mortgage rates are 0% since the Fed just kept…