Mortgage Minute Volume 11, March 2021
Posted March 1, 2021 in Mortgage

Volatile Interest Rates Rates in the last week and a half have shifted drastically and continued to do so this week. Below is the 30yr Bond Chart directly from the market.  The lower the blocks go in the chart, the higher the interest rate/pricing will be.  The higher the blocks are on the chart, the […]

Mortgage Minute Volume 10, January 2021
Posted January 29, 2021 in Mortgage

Did You Miss the Refi Boat? In case you were wondering if you missed the refinance boat, you have not, rates remain near record lows. Refinancing your existing mortgage can accomplish a number of money savings goals. You can reduce your monthly payment, you can shorten the term of your loan, or you can take […]

Mortgage Minute Volume 9, December 2020
Posted December 11, 2020 in Mortgage

Interest Rates What impact did the election have on interest rates? Many have been wondering if there would be a significant shift in interest rates due to the election outcome. We now know the election had no significant impact on interest rates. The promising news of an effective vaccine however, could impact rates. News of […]

Mortgage Minute Volume 8, October 2020
Posted October 30, 2020 in Mortgage

Housing Update Despite the fact that we are in the midst of a global pandemic, home prices continue to rise. There are 3 distinct catalysts driving this growth, fiscal policy, consumer preferences, and monetary policy. In regards to our fiscal policy, typically in a recession, people lose their jobs, incomes drop, and foreclosures and distressed […]

Mortgage Minute Volume 7, August 2020
Posted August 28, 2020 in Mortgage

FHFA Refinancing Fee-Delayed Originally on August 12th, the FHFA (Federal Housing Finance Agency), announced they would be assessing a 0.5% fee on all refinances that were delivered to Fannie Mae and Freddie Mac after September 1st. This meant any conventional refinance that closed basically after August 20th was subject to the fee. A typical refinance […]

Mortgage Minute Volume 6, July 2020
Posted July 29, 2020 in Mortgage

Interest Rate Update Interest rates are hovering near all-time lows. However, you have to be careful with the reports that the media puts out in terms of rates. A couple weeks ago, there was a report that rates had hit an all-time low according to the Freddie Mac’s report. When going to Freddie Mac’s website, […]

Mortgage Minute Volume 5, May 2020
Posted May 28, 2020 in Mortgage

Will Rates Get Lower? The current rates are at historic lows, even after the Great Recession of 2008. Rates have remained steady and some have asked why they have not gotten lower. There are two catalysts playing an important role that have been ripple effects caused by the Pandemic: 1.) Banks are experiencing capacity issues […]

Mortgage Minute Volume 4, April 2020
Posted April 2, 2020 in Mortgage

Mortgage Update Due to the Covid-19 pandemic, we have seen many significant changes in the mortgage industry that will have an impact on how you conduct business moving forward. With underwriting guidelines and loan programs changing, we will all be living and operating in a plain vanilla loan world for the foreseeable future. A strong […]

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