JVM’s Daily Blog

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Mortgages After Bankruptcies – Easy to Get! Jobs Report Nonsense Again

Mortgage rates shot through the roof this morning in response to a very strong jobs report! This is exactly what I predicted would happen in my blog yesterday, as the official BLS jobs reports always...

February 2, 2024 4 min read
Mortgages After Bankruptcies - Easy to Get! Jobs Report Nonsense Again

Fed Holds & Rates Fall: How Jobless Claims, Productivity & BLS Reports Impact Mortgage Rates; Inflation’s Over

Rates fell again this morning in response to negative labor market news and positive productivity news. Initial and continuous jobless claims came in higher than expected today along with more layoff...

February 1, 2024 3 min read
Fed Holds & Rates Fall How Jobless Claims, Productivity & BLS Reports Impact Mortgage Rates; Inflation’s Over

Rates Fall Again – Wow! Fed Day; Tale of Two Economies; Who’s Buying Record Level Government Debt? Is the Fed Like North Korea?

The average interest rate was over 8.0% in October, and today it is under 6.7%, as rates fell again in response to weaker-than-expected employment data. Today is “Fed Day,” meaning that the...

January 31, 2024 4 min read

1% Down Loans & Loans That Come With a “Free” $10,000 Credit

We have two financing offers that have proven extremely popular over the last year: a 1% down loan and a program with a $5,250 credit. I have blogged about them before, but I am bringing them up...

January 29, 2024 2 min read
1% Down Loans & Loans That Come With a “Free” $5,250 Credit

CA’s Dream For All (Down Payment Assistance) Program Is Here For 2024, But…

CalHFA officially announced the re-introduction of its extremely popular Dream For All Program! And … it is not quite as exciting this time around. As a quick reminder – this is probably the most...

January 29, 2024 2 min read
CA’s Dream For All (Down Payment Assistance) Program Is Here For 2024, But…

Barns, Farms, Sloping Floors, Litigation and More! Financeable? It Depends

I refinanced a 12-acre estate in Sonoma County in CA years ago. The owner insisted it was 100% residential with no commercial interests – but, when I showed up, he had a huge sign over his barn...

January 26, 2024 5 min read
Barns, Farms, Sloping Floors, Litigation and More! Financeable It Depends

GDP Way Up – Don’t Get Fooled Again

GDP or Gross National Product was up an astonishing 3.3% for Q4 – and the “soft landing” (no recession) crowd is doing victory laps. This is extremely good news, as nothing reflects the health...

January 25, 2024 3 min read
GDP Way Up - Don't Get Fooled Again

Save Renovation Loans For Refis; Rates In Election Years

We have become experts at renovation loans, such as FHA’s 203k or Fannie Mae’s HomeStyle renovation loan. As a reminder, these are loans where plans and specs for improvements are submitted with...

January 24, 2024 2 min read
Save Renovation Loans For Refis; Rates In Election Years

Best Bridge Loan – What’s the Catch???

We knew JVM's EasyPath would be a popular offering, but we were caught off guard by the response we got from that blog. Several agents, however, asked us what the catch is… So, here’s the catch: ...

January 22, 2024 2 min read
Best Bridge Loan - What's the Catch???

Interest Rates Up Again; Trends Vs. Blips; How Worried Should We Be?

The “average interest rate” peaked at just over 8% in October. Interest rates then slid downward 1.5% over the next few months before heading back north over the last few weeks. While they remain...

January 19, 2024 3 min read
Interest Rates Up Again; Trends Vs. Blips; How Worried Should We Be

Lower Your Rate 1/2% With A Lender-Paid Temporary Buydown

We’ve been pushing “Temporary Buydowns” as a solution to fend off high-rate fatigue for about 18 months now. And, we still think they are great solutions, as borrowers can get rates as much as...

January 18, 2024 3 min read
Lower Your Rate 12% With A Lender-Paid Temporary Buydown

Best Bridge Loans In 2024; How To Buy Before You Sell

A bridge loan, as most readers know, is a short-term loan that typically taps into the equity of a borrower’s departing residence to allow that borrower to buy a new home before she sells her...

January 17, 2024 3 min read
Best Bridge Loans In 2024 (Much Better Than Those Lowly 2023 Bridge Loans); How To Buy Before You Sell

5 Fail-Safe Recession Indicators

Three pieces of news surfaced yesterday that should have pushed interest rates through the roof! 1) Inflation (CPI) came in much hotter than expected; 2)The Fed made comments about “rates needing...

January 12, 2024 3 min read
Shocking Interest Rate News Yesterday! 5 Fail-Safe Recession Indicators

How To Establish Credit For Your Kids

Parents cannot buy a property for their college kids with “owner-occupied” financing unless their kids are on the loan too. But, the kids need to have established credit if they’re going to be...

January 11, 2024 4 min read
How To Establish Credit For Your Kids
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