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Mortgage Rates in Uncharted Waters

Refinance Fee Hike Increases Rates Mortgage interest rates continue to be near the all-time low levels we have continued to experience since June of this year. Mortgage rates are still at historically low levels despite the Federal Housing Finance

Misconceptions About Mortgage Interest Rates

Yes, Rates Are Near the All-Time Low Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. In today’s edition of m,y blog newsletter, I am sharing new and

Profiting from the Coronavirus Crisis?

Low Mortgage Rates During Economic Crisis Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. In the first week of August, rates bottomed out, ending the run on

Historically Low First Mortgage Rates

Rates at 30 Year Low This week, mortgage rates for conforming, single-unit, residential properties have come back down to the lowest levels in three decades, with some borrowers being able to lock and close 30-year fixed-rate loans at 3%

COVID-19 and Mortgage Loans

Link Between COVID-19 & Mortgage Loans As the COVID-19 shelter-in-place directive is impacting all areas in our society and the global society at large, the effects are being felt in the mortgage markets as well. Mortgage interest rates that

Crazy Time Mortgage Rate Lows

Hi Friends, This is a CRAZY time for everyone and for many reasons, but also especially in the mortgage industry. We're experiencing crazy time mortgage rate lows. I have had over 100 new loan requests in the last two

Tough Loan Cases + Current Rates

The Maze of Tough Loan Cases I recently closed a very difficult transaction that, if any number of lenders had applied common sense, should have been easy to close. As many of you know if you've read my About

An Ethical Business Story

I'd like to share something that happened to me this past week that will help explain how ethical business practices extend to others in my industry, not just borrowers. I got a call from a potential borrower who wanted to

Refinancing Goes Nuts!

Fed Cuts Rate and Refinancing Goes Nuts! The Federal Reserve cut their target interest rate, the Fed Funds, by .25% at the conclusion of their two-day Open Market Committee Meeting on September 19th. This rate cut was anticipated by

Mortgage Refinance Opportunity

Hello Friends, here's my market rates email list update for August 2019. Federal Reserve Rate Cut The Federal Reserve did cut their target rate .25% yesterday, July 31st, as anticipated. They also ended their balance sheet reduction plan two

HELOC vs. Refinance

HELOC vs. refinance: Which is better for a cash-out loan? Is a home equity line of credit (HELOC) or a refinance of your principal mortgage the better option for you? Market Rate Can Help You Choose A recession in 2020

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