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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…

Mortgage rates definitely hit the lowest all-time lows of all-time last week, at least for conventional 30 yr fixed scenarios without many risk-based adjustments.  The most recently available Freddie Mac rate survey (which drives a majority of mortgage rate headlines) reported all-time lows as of last Thursday.  Indeed, that was still true as of early Thursday, but things…

Mortgage rates were unchanged today for the average lender.  That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 business days.  Even so, today’s underlying market movement might be a bit of a wake-up call for anyone waiting to lock an interest rate. In general, the decision…

Mortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of at least two important economic reports that would normally push rates unequivocally higher according to past precedent. These include last Thursday’s big jobs report and a key barometer of the…

Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows.  Averages aside, several lenders are slightly higher than they were on Friday.  Either way, the movement was minimal over the weekend. Beyond that, no conversation about all-time low rates would be complete without several of these recently relevant caveats:…