Tag Archive for: mortgage rates

Huge Opportunity From High Rates!

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Grizzled Escrow Officer Sets Me Straight! While aimlessly wandering the hallways lamenting the industry slowdown, I ran into a very grizzled escrow officer who runs the title company next door. […]Read More

Save Money With Seller-Paid Rate Buydowns Instead of Price Reductions

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A “rate buydown” gives borrowers lower interest rates in exchange for higher fees or “discount points” paid up front (when they close). We discourage rate buydowns in general because borrowers rarely hold onto their mortgages long enough to make the extra points or fees worth the added expense. But – if sellers are willing to pay for the rate buydowns, my opinion changes quickly.Read More

Goldman Sachs Still Buying Homes; Rates Dropped The Most In 2 Years Last Week – Why?

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Goldman Sachs-Backed Funds Bought Entire Housing Development I saw this recent New York Post article on Twitter yesterday and thought it would be another nice share for any potential buyers […]Read More

Adjustable Rate Mortgages Hit 14-Year High

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ARMs now comprise 11% of all mortgages, up from only 3% at the start of the year. And the reason is obvious: consumers can knock 1% or more off of their mortgage rate by taking an ARM instead of a 30-year fixed.Read More

Barry Speaks! Fed Disdain; Recession & Low Rates Coming; Housing Will Be Fine

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Barry Habib reminds us that it is inflation that is driving higher rates, but that it will peak in October and start to fall for two reasons: (1) today’s higher rates are destroying demand across the board (I again suggest watching the video for his full explanation); and (2) supply chains will be untangled and working by then, eliminating shortages.Read More

Is The Fed Trying to Tank The Housing Market – Or Just Slow It Down?

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Agents in many of the markets we work in are telling us that they are now finally seeing a slowdown in the market. One agent who lists high-end homes in […]Read More

Rates Back to 2009 Levels; Time for ARMs!

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Mortgage rates have climbed to their highest level since 2009! One way to combat the rise in rates is to take an ARM instead of a 30-year fixed-rate loan.Read More

Pyramid Lending = Death of Mortgage Banks

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During boom times, when there is excess business and margins are fat, “pyramid lending” can work. But – when business slows and margins compress like what has been happening this year – pyramid lending not only does not work, it will kill off many mortgage banks. This is because borrowers can shop for rates and apply for loans more easily than ever nowRead More

17 Day JUMBO Financing – With No Contingencies & Super Low Rates!

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I often blog about how jumbo rates are as much as 1% LOWER than conforming rates and explain why too. This recent blog is just one example. Our Jumbo Niche […]Read More

Why There Is Still No Housing Bubble

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Everyone Thinks Higher Rates Will Kill The Housing Market We shared this blog, Higher Interest Rates Did Not Slow Housing Appreciation; Why?, with our database in our monthly newsletter a […]Read More

Why Heejin & I Turned Down $10 Million

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We know a loan officer with a large team who does about half of JVM’s volume – and he was offered a $6 million “signing bonus” to move to another […]Read More

Make Sure You’re Offer-Ready! Check In On Rates & Your Pre-Approval Before Making An Offer

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We like to periodically remind homebuyers to reach out to their lender to check their mortgage pre-approval before making offers, as interest rates are changing rapidly in today’s hot market. […]Read More

The #1 Most Terrifying Factor Pushing Rates WAY UP!

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We have all been hearing about Quantitative Easing (QE) and the Fed’s Balance Sheet for years now – without really understanding what it is or its effect on the market. […]Read More

Why Russia/Ukraine War Drums Impact Mortgages & Real Estate So Much!

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Interest rates were trending upward before news surfaced that NATO believes Russia is still likely to invade Ukraine (because so many Russian troops are amassed at the border). When the news surfaced, rates dropped sharply in response.Read More