Tag Archive for: rates

Attention Nervous Homebuyers: Rates Likely to Fall! Dr. Lacy Hunt Explains

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Even though rates are still lower than where they were in 2018 (and for much of the last 10 years), homebuyers are still often very upset that rates have climbed so much in recent months. We frequently remind readers that homebuyers stress too much about rates in any case because so few of them keep their loans as long as they think they will (usually less than 7 years).Read More

$40,000 Dog! Rates Hit 3-Year High! Mortgage Stocks Might Be A Buy – Now :)

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Rates Hit 3-Year High! That was the headline in the WSJ today – so I want to remind agents and borrowers alike to get “Re-Approved” because higher rates mean higher payments. Read More

Eliminating PMI – With Appreciation, Paying Down Loan, or Refinancing!

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A client who bought in 2019 emailed me this week, asking how to get out of PMI. Because appreciation has been so massive over the last few years, there is no reason anyone should have kept their PMI in place for more than two years.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

Why You Can’t Get Yesterday’s Rate, Stock Price, or Bitcoin Price

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My Angry Phone Call With Jeff Bezos! I recently called up Jeff Bezos last week and that he sell me Amazon stock for $6 per share because that was the […]Read More

Is The Fed The Wizard Of Oz (Powerless)? Why It Matters

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In the iconic movie The Wizard of Oz, all of the characters thought the Wizard was an all-powerful being who controlled everything and everyone. But, in the end, we found […]Read More

BEST NEWS EVER! Fannie And Freddie Eliminate “Adverse Market Fee;” Reduce Rates By 1/4%!

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I can think of many examples of things that would constitute “the best news ever.” Hearing “snow day/school canceled” announced on the radio when I was a kid on Western […]Read More

Why The Fed Probably Can Never Raise Interest Rates

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Paul Volcker was the 6 foot, 7 inch tall Fed Chairman who raised the Fed Funds Rate to 20% in 1980 and shoved the United States into a massive recession. […]Read More

Nordstrom, Walmart, Or Both?; Millennials Demand Both

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Balancing High Service with Competitive Pricing: The Nordstrom-Walmart Strategy I was at a coaching event last year listening to an extremely successful loan officer, with a huge team, explaining how […]Read More

Rates Climb Again; Panic Time? Paying Points? Affect On Buying Power

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PANIC TIME? Interest rates climbed again yesterday, primarily in response to inflation fears – so we are now officially back to pre-pandemic interest rate levels. It is not time to […]Read More

2021 Predictions: Rates, Inflation, Housing & Affordability

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I often point out how difficult, impossible and/or ineffective it is to make predictions for anything nowadays. This is because we are in uncharted waters when it comes to this […]Read More

Rates Up Again! Why Nervous Appraisers Sometimes Appraise Lower Than We Expect

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RATES 3/8% HIGHER NOW Interest rates continue to climb in response to positive economic reports (strong retail and home sales numbers), inflation concerns relating to both price signals and massive […]Read More

Mortgage Rates Way UP; Refi Now… Or Forever Hold Your Peace

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Remember last year when I said rates could either go up, go down or stay the same? Well, I was right. 😊 OK – I was actually right about the […]Read More

Shopping For A Mortgage With JVM Lending

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Whether you're purchasing a home or refinancing an existing mortgage, it's crucial to get the best deal possible. At JVM Lending, we make it easy with our Mortgage Calculator. Enter the details of your loan to receive rates and closing costs instantly and specific to your situation. We're a local, unique, and experienced mortgage firm based in the Bay Area and serve surrounding areas like Sacramento as well as Texas.Read More