Tag Archive for: featured

Rates Keep Falling! How Much? And Why? Rate Prediction

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I bought an entire case of grapefruit Spindrift soda today for only $15 (to feed my 3-can-per-day habit). That is the lowest price I have ever paid, so I thought – “welp, rates are gonna fall…”Read More

Bridge Loan & Buy-Before-You-Sell Options

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Thank God for bridge loans! I say that because these loans have become a huge source of our business, given the expertise and reputation we’ve cultivated in the realm over the last few years.Read More

Mortgage Banks Vs. Commercial Banks – What’s The Difference?

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Here are some of the major commercial banks that are heavily involved in residential mortgage lending: Wells Fargo, Bank of America, JPMorganChase, U.S. Bank and PNC Bank. Here are several major mortgage banks that now help dominate residential mortgage lending: Rocket Mortgage; United Wholesale Mortgage; CrossCountry Mortgage; loanDepot; Fairway Independent Mortgage; Guild Mortgage; Guaranteed Rate; and American Pacific Mortgage.Read More

First-Time Homebuyer Advantages Every Buyer Needs To Know

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From the mid-1990s up through 2008 (during my loan officer years), there was often no real advantage for First-Time Homebuyers (FTHBs) because the best loan programs did not require FTHB status. But that has changed over the years, and now there are some huge advantages (and misconceptions) that I want to discuss.Read More

Temporary Buydowns: A Solution For Combatting High Rates

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The average mortgage rate is over 7.10% now, per Mortgage News Daily. This is almost exactly 1% higher than where they were when they bottomed out at 6.10% in mid-September.Read More

Getting Nervous Buyers Off The Sidelines; All The Crashes We Didn’t See

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I often remind readers that mortgage rates have fallen almost 2% since October of last year. And, per NAR, every 1% drop in mortgage rates enables an additional 5 million buyers to qualify for a mortgage. Read More

Fed “Cuts Rates;” Mortgage Rates Shoot HIGHER In Response

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It is sometimes hard to be this right about things…if only because I was so wrong about predicting a recession in 2023. 😊 BUT I was very right about rates […]Read More

3 Reasons Mortgage Rates Don’t Always Fall When The Fed Cuts Rates

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Here are three reasons why mortgage rates sometimes move in the opposite direction of the Fed – or don’t move at all – when the Fed announces a rate cut. […]Read More

Rates Are Going Up In September

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Yes, rates are expected to trend downward, and yes, the economy is finally showing clear recessionary signals (see the labor market), and yes, the stock market could likely correct again, but, rates never move in a straight line,Read More

Financing Options for Buyers’ Agent Commissions

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In a few weeks, sellers will ostensibly no longer be responsible for paying both the listing agent’s and the buyer’s agent’s commission. I use the word “ostensibly” because I think […]Read More

Only 10% of Americans Know They Can Put Down 5% or Less! Down Payment Options

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If I were an agent, I would be screaming this from the rooftops to attract buyers: “You don’t need 20% down to buy a house!” Lenders might want to scream this too. Oh wait…I am right now. Read More

The Appraisal Type Everyone Should Avoid at All Costs! 5 Appraisal Types

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Today’s blog was written by JVM’s Appraisal Manager, Taylor Allen. She orders our appraisals, manages our appraisal team, carefully curates and manages our huge stable of appraisers, reviews appraisals, rebuts appraisals, […]Read More