Tag Archive for: mortgage rates

Explaining Mortgage Rates for Borrowers in Texas

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Mortgage rates are a hot topic for borrowers in Texas. Everyone wants to get the best mortgage rate possible when they’re getting ready to take out a loan for their home purchase.Read More

Rates Way Up! Liquidity Crisis; Refi Later for Free; Buy Takeout Food :)

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INTEREST RATES SHOT UP AGAIN YESTERDAY Rates shot up 1/4 percent yesterday over about a 30 minute period – something we have not seen for years. Rates came back a […]Read More

Bay Area Shutdown; COVID-19 Update; Delays; Appraiser Shortage; Rates Not Falling

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As everyone in the Bay Area now knows, the entire Bay Area is subject to a mass “Shelter in Place” order by local health authorities in an effort to combat […]Read More

Stocks Down; Rates Up; DELAYS Caused by Coronavirus and Refi Boom

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NORMALLY – WHEN STOCKS FALL, RATES FALL (BUT NOT THIS WEEK) The Dow Jones stock market index peaked at 29,551 only 1 month ago (on Feb 12th). As I type […]Read More

Rates 1/2 Percent HIGHER Than On Monday; Early Pay-Off Penalties

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Mortgage Interest Rates remain a full 1/2% higher than where they were on Monday, and 5/8% higher than where they were last week. So, while the 10-Year Treasury Bond (government […]Read More

Fed Rate Cuts Don’t Mean Mortgage Rate Cuts

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We were asked a variance of the below question over and over yesterday: “I heard that the Fed cut the rate by 1/2 percent; can I lower my mortgage rate […]Read More

Signing Bonuses = Higher Rates; No Free Lunch In Mortgages

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Heejin and I have been offered seven-figure “signing bonuses” (in exchange for aligning with a new mortgage bank) on numerous occasions by large mortgage banks trying to lure JVM under […]Read More

Why I Was So WRONG About Interest Rates Rising – Part CCXXIX

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If you Google the word “Wrong,” the below picture pops up in the results: OK… that is a real photo taken at a holiday party (in a photo booth – […]Read More

Six Factors That Can Impact Your Mortgage Rate in Texas

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Every Texas borrower wants to get the lowest mortgage rate when applying for a loan. JVM is proud to offer our Texas buyers some of the lowest mortgage rates in the industry. But many Texas buyers are unaware of the different factors that can affect mortgage interest rates.Read More

Rates Fell Again – Why? Unexpected, As Per Usual

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Rates have moved steadily lower over the last week. And, as per usual, nobody saw it coming. The unexpected news that pushed rates down included the following: Nancy Pelosi’s Impeachment […]Read More

The Fed Cut Rates by 1/4 Point And Mortgage Rates Fell Marginally

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The Fed cut the Fed Funds Rate by 1/4 percent yesterday, and rates…actually fell after the announcement. I was almost disappointed to see that b/c it will again confuse people […]Read More

“This was the worst week for mortgage rates in 3 years – and it may be just the beginning”

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Rates fell sharply on Wednesday and everyone breathed a sigh of relief and started locking like crazy. But then rates shot up again yesterday and a friend of mine sent […]Read More

Rates – “Sticky” Down; “Slippery” Up; Why We Like to Lock

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Rates moved higher today primarily in response to the removal of tariff threats with Mexico. I mention often how good economic news (regarding employment, retail sales, GDP growth, trade, etc.) […]Read More

7 Dangers From Falling for “Rate Quotes”

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Our borrowers come to us constantly with rate quotes from other lenders, and that is all well and good because our rates are very low and we love competition! What […]Read More