JVM’s Daily Blog

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Rates Do Not Fall In Election Years – It’s A Myth – Until Now?

Whenever we are in or near an election year, I hear everyone, including my dogs Steve and Mike, say that “rates will fall because it is an election year...” Steve and Mike can be forgiven of...

December 8, 2023 3 min read
Rates Do Not Fall In Election Years- It's A Myth - Until Now

Reasons to LOVE ADUs, In-Law Units, Granny Units, Au Pair Units, Guest Houses, Garden Cottages, Casitas… and Whatever Else You Call Them

Accessory Dwelling Units (ADUs) come with many names, as the title of this blog implies. They are more popular than ever now as a solution to solve the affordable housing shortage and to provide...

December 7, 2023 3 min read
Reasons to LOVE ADUs, In-Law Units, Granny Units, Au Pair Units, Guest Houses, Garden Cottages, Casitas... and Whatever Else You Call Them

Crashing Crude Oil, Yellen’s Yellin’ “Neener Neener,” and Zombie Companies Could Eat America!

Treasury Secretary Janet Yellen has been trash-talking recently, telling the world that soft landing/no recession skeptics are now “eating their words…” Unfortunately for Janet, the crude oil...

December 6, 2023 3 min read
Crashing Crude Oil, Yellen’s Yellin’ “Neener Neener,” and Zombie Companies Could Eat America!

BOTH Stocks and Bonds Soar In November; Confusion or Goldilocks Economy?

We saw something very unusual in November: both stocks and bonds had record months! This Reuters article – Average 60/40 portfolio has best month in November since 1991 – BofA […]

December 4, 2023 4 min read
BOTH Stocks and Bonds Soar In November; Confusion or Goldilocks Economy

Why Do We HATE Each Other So Much? And Why Does It Matter For Housing?

America has not been this contentious or polarized since the Civil War – as most readers know. Many people blame social media for this polarization. The ability to post online without being...

December 1, 2023 4 min read
Why Do We HATE Each Other So Much And Why Does It Matter For Housing

Inflation Eases/Rates Up – WHY? Delayed Closings; “Walls-In” Insurance for Condos; ADUs NOT Part of Square Footage

A key inflation report, Personal Consumption Expenditures (the Fed’s “favorite”) was released today, and it showed that inflation continues to cool. But, despite that, rates went up. This...

November 30, 2023 2 min read
Inflation Eases Rates Up – WHY Delayed Closings; “Walls-In” Insurance for Condos; ADUs NOT Part of Square Footage

2024 Conforming Loan Limits Way UP – At the Expense of Your Kids; Fed Lost Control of Bond Market?

The FHFA (the agency that regulates Fannie Mae and Freddie Mac) just announced its new conforming loan limits, and the new limit for “high-cost” areas is now $1,149,825! This means that...

November 29, 2023 3 min read
2024 Conforming Loan Limits Way UP - At the Expense of Your Kids; Fed Lost Control of Bond Market

What Makes the Commoditization Of Mortgages Terrifying? Why Consumers Think Mortgages Are Like Corn, Oil, Soybeans & Copper; Why It Matters

The perceived commoditization of mortgages terrifies mortgage lenders for several reasons: low margins, high-cost structures, the necessity of high-touch service, just to name a few, so what's a...

November 28, 2023 5 min read
What Makes the Commoditization Of Mortgages Terrifying

Rates Fell 3/4% Since Mid-October – Defying Predictions Of “Rate-Ageddon”

Mortgage rates fell almost 3/4% since mid-October – while the 10 Year Treasury yield fell about 6/10%. We’ve seen rates fall before, so who cares? 

November 22, 2023 3 min read

DSCR Loans ONLY Use Rent To Qualify; Do NOT Need to Cash Flow; DSCR Rates Are LOW!

With a 25% down payment, almost anyone can get a DSCR mortgage – even if the property does NOT cash flow with rent. DSCR stands for Debt Service Coverage Ratio Loans – and most readers are aware...

November 20, 2023 2 min read
DSCR Loans ONLY Use Rent To Qualify; Do NOT Need to Cash Flow;

World To Drown in U.S. Debt – Pushing Rates WAY UP; Moody’s Downgrades U.S. Debt; Bond Auctions Fail! But Rates Fall??? Why???

EVERYONE and I mean EVERYONE is in a panic over our massive deficits and the subsequent borrowing by the U.S. to cover them – because it has the potential to push interest rates through the roof!...

November 17, 2023 4 min read
moodys-downgrades-us-debt-treasury-bond-auction-fails

When Huge Lots Kill Transactions; What Are The Rules & Solutions?

Mortgage lenders won’t go near lot loans for many reasons – and here are a few: (1) regulators, investors, and creditors prohibit them from doing lot loans; and (2) lot loans are much riskier –...

November 16, 2023 3 min read
When Huge Lots Kill Transactions; What Are The Rules & Solutions

Inflation Cools & Rates Shoot UP! Why? “Rates Down In March!” RATE ROLL-DOWNS

The markets are going crazy, as everyone tried to anticipate the Fed’s next move. When deciding to raise or lower rates, the Fed watches (1) the labor markets; (2) inflation; and (3) consumer...

November 15, 2023 5 min read
Inflation Cools & Rates Shoot UP! Why “Rates Down In March!” RATE ROLL-DOWNS

5 Reasons Why Interest Rates Matter So Much – For Real Estate Agents

They Screamed: “Never Sell Rates!” I was a member of The CORE Training Program years ago, and it was very effective, as they preached focus, financial discipline, time-blocking, non-stop selling,...

November 13, 2023 4 min read
5 Reasons Why Interest Rates Matter So Much – For Real Estate Agents
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