Tag Archive for: rates

Fannie Mae Re-Slams Mortgage Industry With 1/2 Point Refi Fee

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In August, I blogged about Fannie Mae Slamming Refi Borrowers With A New 1/2 Point Fee. And then later in August, I blogged about Fannie Mae Yanking Its 1/2 Point […]Read More

Should I Lock My Rate Before The Election? “Uncertainty” and Low Rates

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Yesterday, I was asked “should I lock my rate before the election just to be safe?”   My response was that I think people are safe not to lock b/c the […]Read More

Trump or Biden – Who’s Better for Rates & Mortgages?

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We recently had a client who urgently wanted to refi “before Biden gets elected and causes rates to shoot way up.” She was convinced Biden would immediately improve the economy […]Read More

10% Down Jumbo Options; 80/10/10s; Rates Hit All-Time Lows – Yawn

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RATES HIGHER THAN IN JULY DESPITE “RECORD LOWS” Housing Wire was reporting that mortgage rates hit all-time lows again last week – and I yawned again last week. This is […]Read More

Fannie Mae’s New 50 Basis Point Fee Slams Refinance Borrowers

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As I mentioned yesterday, Fannie Mae and Freddie Mac imposed a new fee of 1/2 point, or 50 basis points, on all refinance loans – catching the entire mortgage world […]Read More

Why I Love And Hate Freddie Mac’s Mortgage Interest Rate Surveys

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Here is the link to Freddie Mac’s Mortgage Interest Survey Data. I recommend sharing this link often b/c it is one of the best sources available to see where interest […]Read More

Rates Edge Higher Again; Normality? Will Rates Fall Further?

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Mortgage interest rates edged higher again today, and the 10 Year Treasury is at its highest level since late March. Rates edged higher largely in response to a stronger than […]Read More

Rates Keep Falling; 15-Year vs. 30-Year Fixed-Rate Mortgages

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Rates continue to fall in response to coronavirus concerns. They hit all-time record lows again today, as the entire mortgage industry scrambles to handle the influx of refinances. Don’t take […]Read More

Why Does Coronavirus Affect Rates So Much? Will It Last?

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Rates remain near all-time record lows and Coronavirus concerns are the primary reason why. REASONS FOR CONCERN Spanish Flu: The Spanish Flu epidemic from 1918 – 1920 infected 27% of […]Read More

When Can Borrowers Lock Their Rate? Rate Volatility

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BORROWERS OFTEN WANT TO LOCK PRIOR TO GETTING INTO CONTRACT Borrowers often want to lock in their interest rates prior to going into contract (they typically want to take advantage […]Read More

Are Low Rates The “New Normal?” The Fed Is Irrelevant

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For years I have been repeating the predictions of various market experts about how interest rates have to go up at some point. And for years, I have been dead […]Read More

Some Rate Reminders for California Borrowers

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Everyone wants to get the best mortgage rate possible when they’re getting ready to take out a loan for their home purchase. Here a few helpful reminders to keep in mind about mortgage rates in CaliforniaRead More

The “Yield Curve”; What It Is, and Why It Matters

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After the 2008 meltdown, almost all of our borrowers insisted on only 30 year fixed rate mortgages b/c so many had heard horror stories about adjustable-rate mortgages, or ARMs. The […]Read More

Rate Shopping Concerns; Avoiding Pain for All

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We sometimes lose pre-approved “rate shopping” borrowers long before they are even in contract. This is frustrating for us b/c our full pre-approvals take two to three hours of time, […]Read More