Tag Archive for: mortgage rates

Misleading Closing Costs Quotes, and Inaccurate Scenarios

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JVM spends a substantial amount of time educating buyers, and this process includes multiple “Payment and Closing Cost” Scenarios. We go out of our way to make sure we include […]Read More

When We Do/Don’t “Take” Loans From Other Lenders; 1/4 Percent Rule

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We constantly get contacted by borrowers who are already working with or approved by other lenders. Sometimes borrowers come to us before they get their offers accepted, at their Realtor’s […]Read More

Accrued Interest and Mortgage Payment Myths

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We had a seller recently who insisted on closing by month-end b/c he could “not afford another payment” on his mortgage. B/c we inherited the deal from another lender 7 […]Read More

Refi Boom; What It Means?

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Rates dropped again this morning to shockingly low levels not seen since early 2013. A lack of inflation, falling oil prices, weak economies, stock sell-offs, and other factors are all […]Read More

Refi Options Now Better Than Ever; Values Up; Rates Down

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With values higher than they were a year ago (especially in certain areas) and with rates shockingly low once again, every buyer who puts down less than 20% should evaluate […]Read More

Lender-Paid-Mortgage-Insurance – Overrated?

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Many lenders tout Lender-Paid-Mortgage-Insurance (LPMI) as a way to avoid mortgage insurance. In fact, one of our lending sources (Quicken) has extremely good LPMI rates. With LPMI, borrowers can avoid […]Read More

Janet Yellen Speaks; Fed Backing Off on Bond Purchases; Good Thing?

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Rates jumped yesterday after Janet Yellen (the new Fed Chairperson) spoke. She rattled the markets by implying that the Fed may push rates up sooner than expected. She also made […]Read More

How Much Does Paying “1 Point” Lower Your Rate?

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We are often asked what a borrower gets when he pays 1 point. A “point” is just a % of the loan amount. 1 point = 1% of the loan […]Read More

No Cost Refi = No Risk = No Prepay Penalty = Savings for Free

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We have many borrowers with Mortgage Insurance who qualify for “no cost” refinances that would save them as much as $500 per month in some cases. These borrowers are “ripe” […]Read More

As Values Climb, Refi’s for Many Now an Option

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We have a borrower who has been stuck with a 6.5% interest rate for years b/c he thought he did not have enough equity in his Antioch home to refi. […]Read More

WARNING To Fence Sitters: Rates Will Climb This Year; Tapering

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Despite recent rate-improvements, rates will most definitely climb significantly this year. The reason is that the Fed continues to announce reductions in the amount of mortgage backed securities and treasury […]Read More