Tag Archive for: interest rate

Bond Yields/Interest Rates Soar! Uh Oh! What’s Really Scary?

I was at a mortgage conference yesterday with 50 of the biggest producers in the industry, and there was panic in the room. The reason? The bond market was melting down in response to a much higher than expected “job openings” number from the “JOLTS” report.Read More

WHEN Will the Recession Come?

EVERYONE expected the entire country and much of the world to be mired in a horrible recession by now. And yet, we’re still growing. I blogged about the reasons why […]Read More

How to Save On Your Mortgage With A 3-2-1 Buydown

Are you in the real estate market to buy a home and looking for ways to save on your home loan payments? If so, you've come to the right place! In this blog post, we'll be discussing 3-2-1 buydowns, an intriguing option for home buyers.Read More

Mortgage Rate Buydown Options for Homebuyers

A mortgage rate buydown is a technique used to lower the interest rate on a mortgage loan. It involves paying additional fees or points upfront, which reduces the interest rate for the entire loan term or for a portion of the loan term. By lowering the interest rate, homebuyers can reduce their monthly mortgage payments, which can lead to substantial savings over time. Now that we understand the concept, let's explore the different types of mortgage rate buydown options and how they work.Read More

Fannie Mae’s Greatest Hits! (You Don’t Want To Miss This)

We recently locked a refinance for a borrower at 6.875% – after he was quoted 5.25% by another loan officer. The borrower did not use the other loan officer because […]Read More

How Credit Scores Affect Mortgage Rates; Real World Examples

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. As I remind readers often in this blog, there is "no one interest rate for every borrower" because there are so many factors that influence every borrower's rate.Read More

14 Factors That Impact Your Mortgage Rate

We often have buyers or agents ask: “What is your 15-year rate today?” Or “What is today’s interest rate?” We always respond by explaining there is “no single rate” because […]Read More

What Is APR And Why Is It So Important?

Why do potential homebuyers make such a big deal about APR? APR can give them a deeper understanding of how much their mortgage will cost them over the loan's life and is also a great tool to use to compare offers from different lenders.Read More

When Should A Buyer Lock In Their Mortgage Interest Rate?

When applying for a mortgage, it is wise to compare different mortgage products with other lenders. When reviewing these products and terms, buyers may want to pay attention to one of the most critical factors: the interest rate.Read More

Is It Easy To Get A Mortgage In California Or Texas?

Many homebuyers are surprised by how easy it is to get a mortgage. Most people worry that the mortgage process will be too difficult or that their credit scores will be too low to qualify for competitive financing. The mortgage process is often easier for homebuyers in California and Texas than they expect.Read More

10% Down No PMI Explained; No Free Lunch; Not Best Deal

A lot of lenders are touting their “10% down with no Private Mortgage Insurance (PMI)” financing options. JVM, of course, offers this too but we don’t often encourage it b/c […]Read More