JVM’s Daily Blog

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Fed Comments Push Rates Up; Re-Casting Problems!

Interest rates shot up again yesterday, as the Fed indicated that it may increase the Fed Funds rate faster (as much as 1% this year) than previously anticipated. The Fed also implied that it would...

January 27, 2022 3 min read
Fed Comments Push Rates Up; Re-Casting Problems!

Intangible Benefits of Homeownership; How To Win Hot Market Battles

This is a quick reminder that we love to help get offers accepted in hot markets by: (1) pre-approving clients so they can waive contingencies; (2) closing very fast – in 14 calendar days for...

January 26, 2022 5 min read
Intangible Benefits of Homeownership; Hot Market Battles

Can Borrowers Be On The Loan and Not On Title?

We often have “title only” buyers, or buyers who want to be on the property’s title but who do not want to be on the loan. This is often the case with spouses, where one spouse might have...

January 24, 2022 3 min read

Jumbo Rates – Almost 1% LOWER Than Conforming; Going For Jumbo!

I actually blogged about why jumbo rates are so much lower than conforming rates in April, and here are some of the other reasons: (1) Jumbo loans have stricter guidelines so they are less risky; (2)...

January 23, 2022 3 min read
Jumbo Rates - Almost 1% LOWER Than Conforming; Going For Jumbo!

5 Misleading Rate Quote Tricks To Watch Out For!

This is a surprisingly common occurrence: A buyer comes to us with a ridiculously low rate quote from another lender and insists that we match it. We then ask to see the Loan Estimate (LE) that sets...

January 21, 2022 4 min read

Desktop Appraisals Coming Soon

Desktop Appraisals Are Coming! An appraiser recently charged us $2,000 for a basic appraisal in suburbia with a slightly larger lot and a moderately short time frame – because we […]

January 20, 2022 3 min read
Desktop Appraisals Coming Soon; Flips too

Rates Hit a Two-Year High – And We’re All Going To Die!

Rates shot up again yesterday – in response to increased concerns that the Fed is going to more aggressively try to push up rates in March in an effort to […]

January 19, 2022 2 min read

How Will The Stock Market Crash Impact Real Estate?

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 […]

January 14, 2022 4 min read
How Will The Stock Market Crash Impact Real Estate?

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

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...

January 13, 2022 3 min read
China's Massive Housing Bubble Will It Affect Us

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

Mortgage Rates Are More Of A Gift Than Ever! I often write that the market’s very low interest rates are a gift because they are so low by historical standards! […]

January 12, 2022 3 min read
Will We See Negative Interest Rates In America (Hint We Already Are)

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

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 […]

January 10, 2022 4 min read
Can’t Get Yesterday’s Rate, Stock Price, or Bitcoin Price

Are “No Doc” Loans Back? Misleading Lender Games

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 […]

January 7, 2022 4 min read

How Much Do Higher Rates Affect Payments?

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...

January 6, 2022 2 min read
How Much Do Higher Rates Affect Payments Panic Time

Why Rising Rates Will Not Crash The Housing Market!

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 […]

January 5, 2022 3 min read
5 Reasons Why Rising Rates Will CRASH The Housing Market!
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