Blog - JVM Lending

How Will The Stock Market Crash Impact Real Estate?

January 14, 2022/in Interest Rates, Our Blog

I ❤ Real Estate I frequently tout real estate as an excellent investment for the following reasons: (1) it is a great inflation hedge; (2) there is an inventory shortage due to a lack of building, and not due to excess demand; (3) homebuying demographics are surging in sharp contrast to 2008; (4) buying is […]Read More

China’s Massive Housing Bubble? Will It Affect Us?

January 13, 2022/in Mortgage Industry, Our Blog, Real Estate

160 Million Units For Sale In China (vs. 3 Million In The U.S.) China has somewhere between 55 to 65 million unoccupied properties, depending on the source, and an additional 93 million units under construction. Famous financier, Hugh Hendry, was on this Rebel Capitalist Podcast in December discussing China’s extremely precarious property market – and […]Read More

Will We See Negative Interest Rates In America? (Hint: We Already Are)

January 12, 2022/in Interest Rates, Our Blog

Today’s Rates Are More Of A Gift Than Ever! I often write that today’s very low interest rates are a gift because they are so low by historical standards! (and it’s true) And today, they are more of a gift than ever before, despite the fact they have risen by 1/2% since last summer, and […]Read More

Why You Can’t Get Yesterday’s Rate, Stock Price, or Bitcoin Price

January 10, 2022/in Interest Rates, Our Blog

My Angry Phone Call With Jeff Bezos! I recently called up Jeff Bezos last week and that he sell me Amazon stock for $6 per share because that was the price in October of 2001, when I wanted to buy 10,000 shares … but didn’t. I then explained to him that my $60,000 investment at […]Read More

Are “No Doc” Loans Back? Misleading Lender Games

January 7, 2022/in Mortgage Industry, Our Blog

GIVE ‘EM THE OLD RAZZLE DAZZLE! I have an acquaintance who heavily touts his down payment assistance programs in order to lure in first-time buyers – only to then aggressively push those buyers into FHA loans with high rates (and high profits for my acquaintance). My acquaintance says: “down payment assistance loans don’t work for […]Read More

How Much Do Higher Rates Affect Payments?

January 6, 2022/in Interest Rates, Our Blog

Recently, I facetiously wrote a blog about why rising rates would crash the housing market, pointing out that they actually won’t 😊. So – because of yesterday’s blog and because rates shot up again this morning – I wanted to remind everyone of just how little rate increases of less than 1% affect someone’s payment. […]Read More

Why Rising Rates Will Not Crash The Housing Market!

January 5, 2022/in Homebuying, Interest Rates, Our Blog

Rates rose another 1/8 to 1/4 percent over the last few weeks and are now almost 1% higher than 2020’s lows. (as a sidebar, they are about where they were last March…so they are not THAT high) But, whenever rates do start to rise in a hurry, I invariably see pundits explaining how rising rates […]Read More

2022 Predictions: Fed, Inflation, Stocks, Interest Rates, Housing, & Rents

January 3, 2022/in Interest Rates, Our Blog

Happy New Year! Here are some predictions for 2022 – even though I implored everyone to ignore all predictions in this recent blog. 😊 I am sharing these predictions, however, for two reasons: (1) they are from Barry Habib and he has been more accurate than anyone over the last several years; and (2) they […]Read More

Planning Vs. Acting (Learning How to Fish)

December 30, 2021/in Our Blog, Self Education

BEST TWEET EVER? I recently saw this excellent tweet by a man named “Dickie Bush” (I can’t think of a better name to take advice from 😊). Anyway, Dickie used to be addicted to “planning” – of all things. To quote Dickie: “My brain loved the cheap dopamine of gathering books to read, tasks to […]Read More

Credit Scores Affect Mortgage Rates A LOT!

December 29, 2021/in Interest Rates, Our Blog

Agent Was Furious Because Her Client’s Interest Rate Was Too High! We recently had an agent scream at us (yes, scream) because of the rate we quoted to her client. Our rates of course are notoriously low and we also are not allowed to quote different rates to different clients. So, sadly, the only thing […]Read More

Insanely WRONG CATASTROPHIC Predictions

December 27, 2021/in Our Blog, Self Education

Surprisingly, I got more positive feedback from this recent blog, Insanely WRONG Predictions, than from almost any other I wrote this year. That prompted me to write another blog along the same vein – but to instead focus on all the insanely wrong catastrophes that have been predicted in my lifetime (and that frankly scared […]Read More

We Humans Are Social Creatures – Time To Return To The Office?

December 23, 2021/in Our Blog, Self Education

A Very Happy Carpet Man We had a carpet repairman come to our home this week. He was almost 70 and still putting in 8 hour days – because he wants to, not because he has to. He was very chatty too and he told me that he just joined a kayak club because his […]Read More

Insanely WRONG Predictions! More Coming Soon; Please Ignore Them :)

December 22, 2021/in Mortgage Industry, Our Blog, Self Education

CoreLogic predicted home prices would decline by 6.6% in 2021 – and they were off a little. Home prices appreciated by almost 20% in 2021! What makes this enormous error so fascinating is the fact that CoreLogic is considered to be the granddaddy of data collection and analytics when it comes to the housing market. […]Read More

Credit Inquiries – Way Too Much Concern

December 20, 2021/in Homebuying, Our Blog

On Friday, I blogged about the difference between consumer credit scores and mortgage credit scores: Does Credit Karma Lie To You? In that blog I pointed out why we need to run credit for every borrower and why we can never rely on the credit scores that borrowers give us verbally. In response, several agents […]Read More

Does Credit Karma Lie To You?

December 17, 2021/in Financial Planning, Our Blog

After my wife Heejin and I moved to Texas, Credit Karma sent me an email with this subject line: “You’re making moves, Jay. Literally.” It reminded me of the Police song in which Sting croons: “With every step you take, I’ll be watching you,” because I definitely felt stalked. And yes, I had to work […]Read More

Fed Announces 3 Rate Hikes… And Rates Dropped! WHY?

December 16, 2021/in Interest Rates, Mortgage Industry, Our Blog

The Fed sent the markets into a tizzy recently, finally admitting that inflation is now a serious problem and that there would likely be as many as THREE RATE HIKES in 2022. The bond and mortgage-backed securities (MBS) markets reacted negatively, and every lender announced a series of mortgage interest rate increases as a result. […]Read More

How Millennials Power The Housing Market – 6 Conclusions

December 15, 2021/in Homebuying, Our Blog

“Millennials Are Super Charging The Housing Market” This was a front page headline in the WSJ recently. The millennial surge is something we have all seen coming – but there are some fascinating conclusions, nonetheless. Millennials consist of the generation born from 1981 – 1996, and they surpassed baby boomers as the largest generation alive […]Read More

Jumbo Loan Rates 3/4% LOWER In California and Texas

December 13, 2021/in Interest Rates, Our Blog

The Jumbo vs. Conforming Difference Widens! Recently, the rate for a $1 million jumbo loan at a 1/2 point cost is 2.5%. And recently, the rate for an $800,000 “high balance conforming loan” at 1/2 point cost is about 3.25% today. These quotes are for pristine borrowers (800 FICO, etc.) but the fact remains that […]Read More

5 Reasons Why The New FHA Loan Limits Will DESTROY Our Economy!

December 10, 2021/in Mortgage Industry, Our Blog

A first-time homebuyer can now buy a $1 million home with only 3.5% down! This is because the FHA just released its new loan limits for 2022: (1) Low Balance Limit (for most of Texas): $420,680; (2) High Balance Limit (for most of coastal California): $970,800. This is great news for many buyers with limited […]Read More

Mortgage Rates Do Not Equal 10-Year Treasury Rates

December 9, 2021/in Interest Rates, Our Blog

The 10-Year Treasury Yield dropped almost 4/10% recently – so why didn’t mortgage rates drop that much? The 10-Year Treasury yield (interest rate) is a reflection of what it costs the government to borrow money and is perhaps the most influential interest rate/yield in the world. Hence, when the 10-Year yield drops, the media will […]Read More

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