Nick Vujnovich Home Loans

FHFA director Mark Calabria advised mortgage servicers this week to offer forbearance options to those who might be in jeopardy of falling behind on mortgage payments.

Banking is still going on. offices are remote or still open (like mine) with strict rules of separation. Appraisal waivers are possible. Appraisers and notaries are practicing the "6 foot rule" and using health and safety protocols. If you have questions or concerns feel free to contact me...

Basically: this rate cut only applies to the Prime rate, which is tied to credit cards/HELOC’s/other consumer-related credit accounts.

No the Fed didn't "Cut Rates". While the Federal Reserve adjusts short-term interest rates, mortgage rates fluctuate based on long-term bond rates. Read that again: "mortgage rates fluctuate based on long-term bond rates"...

Spent the week locking 30 year fixed mortgages 2.98% no lender fee. What's your rate?

Mortgage Rates Hit All-Time Lows, Is It Time To Lock? (Yes)

How Interest Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When Bond/MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. Tracking these securities real-time is critical. For more information about the rate market, contact me directly. I’m among few mortgage professionals who have access to live trading screens during market hours...

People wait 10 years for rates like this!!! "Mortgage rates are trending lower. Last week the MBS market improved by +33bps. This was enough to move rates or fees lower last week. We saw moderate to high rate volatility at the end of the week..." read on in industry update below:

Procrastinate on some work that needs doing by reading this or drop me a line if you want to discretely look at a refi or purchase. Very low rates at the moment...

To Veterans out there- The VA just removed their loan limits (great news!) and increase some fees (not so great) but VA is still a great option for any Vet looking to buy, or refinance. Especially if you are "exempt" from fees. Feel free to ask me about VA programs...

"Mortgage rates are anticipated to remain at their current, historically-low levels in 2020" If you're thinking of refinancing or buying let me know - I can be discrete and advise and have lower rates than your broker and most banks...

Conforming loan Limits increased and rates back to lows - let me know if you're looking to buy or refi...