Tag Archive for: mortgage rates

How Much Have Rates Risen? Will They Fall?

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Last year at this time, the average conforming 30-year fixed-rate was about 2.7%, per Freddie Mac. Currently, the average conforming rate is over 3.7%. So, rates have risen a full 1% now over the last 12 months.Read More

The Fed Does Not Set Interest Rates! I Got Slapped Down Twice!

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This is a quick reminder that the Fed does not set long-term interest rates! The Fed only sets the short-term “Fed Funds” rate– or the rate that banks charge each […]Read More

What Are Current Mortgage Rates In Texas?

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Discover the latest mortgage rates for Texas loans offered by JVM Lending on our website. Remember, rates can change, but even a slight increase might only minimally affect your monthly payment. Act swiftly on rate quotes, as they can change suddenly, and always know you can refinance if rates decrease.Read More

Fed Comments Push Rates Up; Re-Casting Problems!

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Interest rates shot up again yesterday, as the Fed indicated that it may increase the Fed Funds rate faster (as much as 1% this year) than previously anticipated. The Fed also implied that it would stop buying mortgages and bonds (via “Quantitative Easing”) which would put further upward pressure on rates. Read More

What Is A Conventional Loan?

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Conventional loans are a favorite for homebuyers with decent credit scores and who have a fair amount of funds for a down payment. Conventional mortgages should not be confused with “Conforming Mortgages. Read More

Jumbo Rates – Almost 1% LOWER Than Conforming; Going For Jumbo!

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I actually blogged about why jumbo rates are so much lower than conforming rates in April, and here are some of the other reasons: (1) Jumbo loans have stricter guidelines so they are less risky; (2) Jumbo loans have tighter appraisal requirements – again impacting risk; (3) Big banks that fund or buy jumbo loans are desperate for yield and will take what they can get; and (4) Jumbo lenders want to establish relationships with well-off borrowers and will fund loans at a loss in pursuit of those borrowers.Read More

Rates Hit a Two-Year High – And We’re All Going To Die!

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Rates shot up again yesterday – in response to increased concerns that the Fed is going to more aggressively try to push up rates in March in an effort to […]Read More

Will We See Negative Interest Rates In America? (Hint: We Already Are)

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Mortgage Rates Are More Of A Gift Than Ever! I often write that the market’s very low interest rates are a gift because they are so low by historical standards! […]Read More

How Much Do Higher Rates Affect Payments?

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Recently, I facetiously wrote a blog about why rising rates would crash the housing market, pointing out that they actually won’t 😊. So – because of yesterday’s blog and because […]Read More

Why Rising Rates Will Not Crash The Housing Market!

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Rates rose another 1/8 to 1/4 percent over the last few weeks and are now almost 1% higher than 2020’s lows. (as a sidebar, they are about where they were […]Read More

Fed Announces 3 Rate Hikes… And Rates Dropped! WHY?

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The Fed sent the markets into a tizzy recently, finally admitting that inflation is now a serious problem and that there would likely be as many as THREE RATE HIKES […]Read More

Why Are Rates Not HIGHER – With Inflation, Fed Tightening, & Economy Improving?

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HORRIFIC SPACE SHUTTLE CRASH On January 28th, 1986, the entire world watched the Space Shuttle Challenger explode and crash to the earth – on live TV. Seven people lost their […]Read More

The 6 Forces Driving Interest Rates

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  THE THREE FORCES DRIVING RATES The mortgage industry’s primary voice/blogger, Rob Chrisman, recently wrote this: “There are three forces driving mortgage rates these days: uncertainty about the effects of […]Read More

Why Lenders HATE Jumbo & Why JVM’s Jumbo Rates Are SO LOW

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JVM FHA OFFER ACCEPTED OVER CASH OFFER As a brief aside – one of our clients recently had his 14-day-close FHA offer accepted over an all-cash offer – at the […]Read More