Tag Archive for: interest rates

What the Heck Is Going On With Rates? They’re Rising, Right? Wrong

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Interest rates fell again, surprising everyone (again) b/c rates are supposed to be going up, right? Wrong. Rates are supposed to being going up b/c the Federal Reserve has been […]Read More

What Moves Interest Rates? Will Rates Fall?

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We get asked time and again if we think rates could fall again, and our answer is “maybe.” The Fed has indicated that they plan on raising short term rates […]Read More

1/2% Since Election; Important Tips For Refi Guys Doing Purchases!!!

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The huge rate increases do not threaten JVM’s business b/c we have always been about 85% purchases; we truly are purchase experts. With rates up so much though, the “refi […]Read More

Interest Rate Increases – Effect, Likelihood and Perspective

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There is a lot of talk once again about rates increasing, especially b/c the Fed is indicating they will try to push rates up in December. But here is some […]Read More

Factors That Affect A Borrower’s Rate; Must Know Before Quoting Rate

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Borrowers often come to us after getting misleading rate quotes from large banks or on-line lenders. This is b/c the loan officers sometimes quote rates before obtaining all of the […]Read More

Timing The Bottom for Rates? Get While Gettin’ is Good; Refi Again

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Borrowers often ask us if we think rates will fall further before they lock, or they want to "time to the market" and lock in their rate at the "bottom." This in turn delays purchase transactions, and sometimes causes borrowers to miss refi opportunities altogether.Read More

Annual Percentage Rate or “APR” – Includes MI

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“Annual Percentage Rates,” or APRs, remain confusing to many borrowers (and to most loan officers). We want to address them again because they are especially confusing with respect to FHA […]Read More

Credit Score Under 700 And Less Than 20% Down – FHA’s Better Deal

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We have a borrower with a 670 credit score and 5% down payment who is comparing interest rates on the web, and getting severely misled. Borrowers often do not understand […]Read More

Lender Paid M.I. Revisited – Why We Don’t Recommend It

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We have been asked numerous times lately about “LPMI,” and it reminded us to re-publish the below comments. We have many conventional borrowers with less than 20% equity (or down […]Read More

Loans/Rates Not a Commodity; Vary by Source, FICO, LTV, Loan Amount

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Loans and Rates are not commodities. We reiterate this b/c so many borrowers ask us what “the” rate is. Or, they demand that we match an advertised rate they find […]Read More