166 issues of Real Mortgage Advice

October 2026

The Fed Hikes, and the Bond Market Exhales

Hi Friends, September has been a reminder of how quickly the mortgage market can turn.

September 2026

Doctor’s Orders: Zero Down, Zero PMI

-year fixed mortgage rates are running roughly 0.125%

August 2026

We Need A Break

Hi Friends, This summer Stacy and I travelled to Europe to visit with my daughter Savita, her fiancé

July 2026

Peace Has Benefits

Hi Friends, June has delivered the geopolitical breakthrough mortgage borrowers have been waiting for since the Iran war began on 2/28/2026. On June 17th, 2026, President Trump…

June 2026

Inflations Triple Threat

Hi Friends, Last month I closed by warning that the bond market’s temporary breather could end quickly; it has. Mortgage rates have resumed their climb as a triple-stack of hot…

May 2026

Mortgage Rates Catch A Break

Hi Friends, April has delivered some welcome relief for mortgage borrowers. After the April 7th, 2026 ceasefire announcement between the U.S. and Iran, oil prices posted their…

April 2026

Mortgage Rates are Confused

Hi Friends, Mortgage rates are up again thanks to higher inflation.

March 2026

The circle of life continues...

Hi Friends, Mortgage rates are still in line with where they were to start the year, despite some volatility that caused mortgage rates to increase slightly during January and…

February 2026

Savita is getting married

Hi Friends, The New Year is starting out favorably for mortgage interest rates. Thursday, 1/8/2026, Trump directed Fannie Mae/Freddie Mac to purchase $200 Billion of their own…

January 2026

Mortgage Rates fall, but not for the reasons you are led to believe.

Mortgage Rates fall, but not for Mthe reasons you are led to believe.

December 2025

Government Reopens; will it help mortgage rates?

Government Reopens; will it help mortgage rates?

November 2025

Lower Mortgage Rates Continue

Hi Friends, Mortgage rates have held onto the lower rate environment for over 8 weeks now. That is two weeks longer than the 6-week run we had last year before mortgage rates went…

October 2025

Lower Mortgage Rates are Back, For Now

Hi Friends, The most recent Fed meeting on 9/17 didn’t surprise anyone with the Fed voting 11–1 to lower the federal funds target rate by 0.25%, bringing the range down to…

September 2025

Rate Roller Coaster

Hi Friends, The August 1st BLS (Bureau of Labor Statistics) jobs report for July was weaker than anticipated, which caused the bond market to rally with a roughly .25% reduction…

August 2025

Rates remain up, prices heading down

Hi Friends, Mortgage rates remain unchanged and are still virtually the same as they were last year, which is pretty much the same as they have been for the bulk of the last three…

July 2025

Fed Stays The Course

Hi Friends, The Federal Reserve left the Fed Funds

June 2025

Taking A Break From Rates

Hi Friends, Mortgage rates continue to be elevated and there is no relief in sight. I am going to use this month’s newsletter to highlight some mortgage products.

May 2025

Volatility is the New Normal

Hi Friends, The volatility in the markets seems to be the new normal due to the Trump tariffs. With wild swings in the stock market and stocks declining on any given day by as…

April 2025

Broken Crystal Ball

Hi Friends, Acommon question I have been asked throughout the course of my 28+ year career in the mortgage industry is “Where are interest rates going?”

March 2025

The Wild, Wilde West

Hi Friends, Lots of changes with the new administration in the White

February 2025

With thanks and gratitude to you all

Hi Friends, 025 is starting out with the markets predicting mortgage rates to stay elevated through 2025, between 7% APR and 6% APR. One Zillow economist is predicting average…

January 2025

Rates Not Coming Down Soon

Hi Friends, Happy New Year!

December 2024

Market Uncertainty Is Here To Stay

Hi Friends, Mortgage rates have flatlined in the month of November. Mortgage rates are .75% lower than the same time in 2023, but they remained stubbornly around 1% higher than…

November 2024

Mortgage Rates Lagging Behind the Fed

Hi Friends, Mortgage rates increased after the

October 2024

Fed .5% Rate Cut

Hi Friends, At the conclusion of the September

September 2024

Rate Drop Has Begun

Hi Friends, On August 2nd we saw mortgage rates fall to their lowest levels since March of 2023, very close to 6% APR for 30 Year Fixed. My phone and e-mail have been inundated…

July 2024

Indonesia Dive Trip

Hi Friends, The Indonesia SCUBA dive trip was a huge success! We were in

June 2024

Vic’s Mortgage Report — June 2024

Hi Friends, Good news for mortgage interest rates in May with the Federal Reserve leaving their target rate, The Fed Funds, in the range of 5.25% - 5.5%. The Fed did not increase…

May 2024

Rates are still in limbo

Hi Friends, After a nice move down in mortgage interest rates to end the month of March 2024, rates began marching upwards again in April 2024. We saw 30year fixed mortgage rates…

April 2024

NEW HELOC for UNI HILLS!! FINALLY

Hi Friends, No surprises were coming out of the most recent two-day

March 2024

Inflation is the killer of mortgage rates

Hi Friends, Mortgage rates continue to remain stubbornly high due to the worse-than-expected inflation readings in February. The average 30-year fixed interest rate fell close to…

February 2024

They grow up fast

Hi Friends, This past holiday season I was fortu nate to spend some time with my only child, my daughter, Savita, who lives in Berlin, Germany. She is finishing her master’s…

December 2023

Getting over the hump

Hi Friends, At the conclusion of the November

November 2023

Still in a holding pattern

Hi Friends, Despite the recent pause in the Federal Reserve’s rate hikes, amortgage rates continue to be at the highest levels we have seen in the last 23 years. Mortgage rates…

September 2023

What a difference a month makes

Hi Friends, July showed some promise with amort gage rates declining and then August removed all of the rate improvement in short order. The Fed increased their target rate, the…

August 2023

Preparing for a Fall in Rates

Hi Friends, July finally brought some infla tion news that the bond market had been looking for. The Fed’s favored inflation measure, Personal Consumption Expenditures (PCE),…

July 2023

Spring Time in Europe

Hi Friends, Iwas fortunate enough to travel to

June 2023

Still Waiting on the Market

Hi Friends, Mortgage interest rates have yet to make a significant move lower because the inflation numbers haven’t decreased enough to create more demand in the bond market. I…

May 2023

Spring Buying Season Is Here

Hi Friends, The spring home-buying season is starting to heat up in my area and it is start ing to feel a lot like 2020 and 2021 again. Many of the home buy ers I have…

April 2023

Another Bank Bailout?

Hi Friends, March was a volatile month in the markets. The head lines were full of news that reminded us of the Great Recession of 2008 with multiple banks facing major liquidity…

March 2023

Father and Daughter Retrospective

Hi Friends, As mortgage interest rates have started to fall with inflation in the first quarter of this year, I have experienced an increase in home buyer activity and mortgage…

February 2023

Riding the Down Escalator

Hi Friends, Mortgage rates have stabil- ized and are slowly heading lower due to the continued good news on inflation. The Fed’s favorite measure of inflation, Personal…

January 2023

Lower Rates Make for a Happy New Year

Hi Friends, Mortgage interest rates finally started falling in November

December 2022

Shark Diving Is Fun

Hi Friends, Mortgage interest rates hit a 21-year high in November before falling on better than expected inflation news. The Federal Reserve rate hikes are finally having an…

November 2022

The Cycle Continues

Hi Friends, Mortgage interest rates continue to be high due to the hottest inflation readings in over 40 years. The effects of the Federal Reserve’s rate hikes are not yet making…

October 2022

Change is Good

Hi Friends, Mortgage interest rates are at the high est levels I have seen since 2007. They have more than doubled since December of 2021 and the effects of this rapid rise in…

July 2022

Vic’s Mortgage Report — July 2022

Hi Friends, It seems like inflation is the only topic in the markets these days and with good reason. The May reading of the Consumer Price Index, CPI, showed inflation up 8.6%…

June 2022

More Turbulence Ahead

Hi Friends, Mortgage rates keep rising at a very brisk pace. May 2022 saw mortgage interest rates rise up 2.375% higher than they were in December of 2021. Refinances were down…

May 2022

Rates Back to 2018

Hi Friends, Mortgage rates keep rising at a very brisk pace. April

April 2022

War Makes Rates Worse

Hi Friends, Alot has happened since I pen- ned the last installment of my newsletter. Continued rising inflation, historically high gas prices, the Federal Reserve’s March meeting…

March 2022

Rates March Upwards M

Hi Friends, We all knew this was coming and mortgage interest rates have finally increased significantly. Rates are up over 1% from where they were in December of 2021 due to…

February 2022

Vic’s Mortgage Report — February 2022

Hi Friends, Mortgage rates continued to rise in January 2022. I am seeing at least a .5% increase, since December 2021, on all fixed rate mortgage products that conform to Fannie…

January 2022

What goes down must come up

Hi Friends, December 2021 saw mortgage rates continue to be pressured higher due to persistent inflation in the markets. The annual inflation rate increased over 6% in November…

December 2021

The Great Tapering

Hi Friends, Interest rate volatility is back due to increased inflation and recent changes in the Federal Reserve’s economic stimulus plans that were put in place to help the…

November 2021

The Mortgage Whisperer

Hi Friends, One of the most gratifying experiences I have, doing the work I do, is to help people in need purchase property despite the many obstacles that arise during a real…

October 2021

Family Fun in Switzerland

Hi Friends, Ihave recently returned from two weeks in Switzerland visiting my

September 2021

Fed Talks Tapering

Hi Friends, Mortgage interest rates con tin ue to be close to historically low levels, helped by the continuing easing measures the Federal Reserve implemented at the beginning of…

August 2021

Refi Madness Gets Help From Supreme Court

Hi Friends, ’m back from a much-needed Ibreak in the action after taking a sabbatical from new business that lasted from April 1 to June 19 of this year. During that time, I was…

May 2021

“Diving with Giants”

Hi Friends, Mortgage interest rates have moved slightly lower since my last update, due to a decrease in the 10-year treasury and 30-year bond yields. As of April 16th, 2021,…

April 2021

Inflation on the Rise

Hi Friends, Mortgage interest rates have continued to rise since my last update. Many of you, who are watching the ten-year treasury bond yield, already know that the party is…

March 2021

“Is the Party Over?”

Hi Friends, Mortgage interest rates contin- ue to be near the all-time low levels we have experienced since June of 2020. We hit bottom on rates on 1/4/2021 and again on…

February 2021

Manta Rays at Night

Hi Friends, Mortgage interest rates continue to be near the all-time low levels we have continued to experience since June of 2020. Mortgage rates are still at historically low…

January 2021

Hiding out with my friends

Hi Friends, Mortgage interest rates continue to be near the alltime low levels we have continued to experience since June of this year. Mortgage rates are still at historically…

December 2020

“See you all again soon”

Hi Friends, Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. Mortgage rates are still at historically low…

November 2020

Taking a break like a sea slug

Hi Friends, Mortgage interest rates continue ato be near the all-time low levels we have continued to experience since June of this year. Mortgage rates are still at historically…

October 2020

Low rates won’t last forever M

Hi Friends, 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 the newsletter, I am…

September 2020

Mark “The Shark” Calabria M

Hello Friends, Mortgage interest rates continue to be near the all time low levels we have continued to experience since June of this year. Rates bottomed in the first week of…

August 2020

Low Rate Loggerhead M

Hello Friends, Since the last update, mortgage rates for con form ing, singleunit, residential properties continued to be at the lowest levels I have ever seen with most of my…

July 2020

Refinances Coming in Waves

Hello Friends, Since the last update, mortgage rates for conforming, single- unit, residential properties continued to be at the lowest levels I have ever seen with most of my…

June 2020

3% APR and Lower Is Finally Here

Hello Friends, Since the last update, mortgage rates for conform ing, single unit, and resi dential properties have come back down to the lowest levels I have ever seen with some…

May 2020

Jumbo Mortgage Loans Are Also Sheltering In Place

Hello Friends, As the 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.…

April 2020

Market volatility leads to historic times and slow down in the mortgage industry

Hello Friends, This is a CRAZY time for every- one and for many reasons, but also especially crazy in the mortgage industry. I had over 120 new loan requests during the first 2.5…

March 2020

Low Rates Mean Refi Madness and Home Buyer Frenzy

Hello Friends, The rate environment for the month of February was hot!

February 2020

Banks Kill Loans M

Hello Friends, The rate environment for the month of January continued to be flat. Mortgage rates were still holding strong and 1% lower than they were in January 2019. This is…

January 2020

Happy New Year

Hello Friends, Mortgage interest rates are still in the same general range since June 2019, with no significant move higher or lower. The Federal Reserve left their target rate…

November 2019

Thank You for Your Support

Hello Friends, Refinancing madness continues. I have seen an interesting thread now since mortgage rates started falling in June of this year. We seem to hit the bottom of the…

July 2019

Vic’s Mortgage Report — July 2019

Hello Friends, Mortgage applications are up significant ly with the bulk of them being for refinances.

June 2019

Vic’s Mortgage Report — June 2019

Mortgage interest rates started falling again with rates hitting another low point for the year on June

May 2019

Vic’s Mortgage Report — May 2019

Hello Friends, Mortgage interest rates remain fl at since April 1st of this year, despite all the volatility in the stock market.

April 2019

Vic’s Mortgage Report — April 2019

Hello Friends, The interest rate drop that came as a result of the March Federal Reserve meeting has caused mortgage rates to fall to .25% lower than where they were one year ago.…

March 2019

Vic’s Mortgage Report — March 2019

Hello Friends, Mortgage interest rates are back to where they were one year ago. The slight rate drop has seen an increase in mortgage applications for both purchases and refi…

February 2019

Vic’s Mortgage Report — February 2019

Hello Friends, Many of you who have worked with me know that I work under two basic tenets: 1) Mortgage lending makes zero common sense. sense. It It is is a a series series of of…

January 2019

Vic’s Mortgage Report — January 2019

Hello Friends, The correc tions in the stock market to end

December 2018

Vic’s Mortgage Report — December 2018

Hello Friends, Happy New Year! We with lots of volatility in the stock market, which did help improve mortgage interest interest rates rates to to end end the the year. year.…

November 2018

Vic’s Mortgage Report — November 2018

Hello Friends, The holidays are here again and despite the recent move up in interest rates, my business continues to be brisk. I think the increasing rates are causing some…

October 2018

Vic’s Mortgage Report — October 2018

Hello Friends, We are now in a new higher interest rate environment and are heading even higher going into 2019

September 2018

Vic’s Mortgage Report — September 2018

Hello Friends, Interest rates are beginning to rise slightly and are current ly back to their worst levels of the year, last touched on in May. By the time you get this update,…

August 2018

Vic’s Mortgage Report — August 2018

Hello Friends, Interest rates continue to be flat with no direction up or down. With no movement on the Fed Funds interest rate from the July 31st to August 1st Federal Reserve…

July 2018

Vic’s Mortgage Report — July 2018

Hello Friends, Ioften am asked why one should use a mortgage broker over a bank or direct mortgage

June 2018

Vic’s Mortgage Report — June 2018

Hello Friends, Mortgage interest rates continue to rise with 5% APR firmly in our sites. Mortgage rates are at the highest levels in 7 years with 30-year fixed rates at their…

May 2018

Vic’s Mortgage Report — May 2018

Hello Friends, With tax season having con clud ed, now is a good time to check in and see if your current mortgages are optimal for your situation. Home Equity Lines of Credit, or…

April 2018

Vic’s Mortgage Report — April 2018

Hello Friends, Rates are still up and look to continue in an upward trend. At the time of writing this update, the Federal Reserve had yet to have their March Open Market…

March 2018

Vic’s Mortgage Report — March 2018

Hello Friends, It’s been a while since I have chimed in regarding mortgage markets and interest rates because most of you are set in your loans and were smart enough to capture…

October 2017

Vic’s Mortgage Report — October 2017

Hello Friends, Mortgage rates continue to be flat, but are still near the lowest levels of this year. Somehow the stock market keeps hitting record highs despite the tragic events…

September 2017

Vic’s Mortgage Report — September 2017

Hello Friends, Mortgage interest rates hit the lowest mark September with a flight to the bond market caused by the continued uncertainty over North Korea as well as the two…

August 2017

Vic’s Mortgage Report — August 2017

Hello Friends, August was a crazy month in the news, as we all know. The turmoil at home and globally did have a slightly positive impact on mortgage rates with investors briefly…

June 2017

Vic’s Mortgage Report — June 2017

Hello Friends, Mortgage interest rates have been hovering near their lowest levels since the Presidential Election starting the end of May and continuing until the middle of June.…

May 2017

Vic’s Mortgage Report — May 2017

Hello Friends, The contin ued turmoil surrounding

April 2017

Vic’s Mortgage Report — April 2017

Hello Friends, Mortgage rates have come down in the last month, but rates are still at least .25% higher now than they were a year ago at this time. The bond market has been on a…

February 2017

Vic’s Mortgage Report — February 2017

Hello Friends, January 2017 saw refinance applications month over year compared to January 2016. This was caused by only a .25% increase in mortgage rates compared with a year…

January 2017

Vic’s Mortgage Report — January 2017

Hello Friends, Happy New was one of the two best years for me in my 22+ year career. Thank you all for your continued support as I needed this good year with a far less certain…

December 2016

Vic’s Mortgage Report — December 2016

Hello Friends, The bond market did not like the

November 2016

Vic’s Mortgage Report — November 2016

Hello Friends, Interest rates are dominating the mortgage landscape again and the mortgage rate environment has shifted to a slightly higher level since the last Federal Reserve…

October 2016

Vic’s Mortgage Report — October 2016

Hello Friends, Ican’t report on the latest meeting from the

September 2016

Vic’s Mortgage Report — September 2016

Hello Friends, Rates continue to be near the lowest levels

August 2016

Vic’s Mortgage Report — August 2016

Hello Friends, Iam back from my travels and just in the nick of time as Brexit sparked a flight to the U.S. bond market that caused mortgage interest rates to fall to the lowest…

June 2016

Vic’s Mortgage Report — June 2016

Hello Friends, The C2 Financial in-house Jumbo loan products have been launched but are still in their infancy and we don’t have the large institutional investors, like Wells and…

May 2016

Vic’s Mortgage Report — May 2016

Hello Friends, April saw mortgage interest rates fall back to the low levels from midFebruary with the 10-year treasury yield heading down towards 1.7%. If the yield on the…

April 2016

Vic’s Mortgage Report — April 2016

Hello Friends, As I mention ed in last month’s update, mortgage inter est rates fell to a 10month low on 2/11/16 and then began to rise again. Rates went up slowly and steadily…

March 2016

Vic’s Mortgage Report — March 2016

Hello Friends, Iam run ning short on time today so this update will be brief.

February 2016

Vic’s Mortgage Report — February 2016

Hello Friends, 016 started with major volatility in the markets and reminded us how closely our economy is tied to foreign economies, specifically the Chinese economy. By the…

January 2016

Vic’s Mortgage Report — January 2016

Hello Friends, The Federal Reserve finally raised its target interest rate, the Fed on 12/16/15. As predicted, the rate increase did not cause mortgage rates to increase because…

December 2015

Vic’s Mortgage Report — December 2015

Hello Friends, Rates are back up again after Federal Reserve

November 2015

Vic’s Mortgage Report — November 2015

Hello Friends, Rates fell back closer to the lowest levels of

October 2015

Vic’s Mortgage Report — October 2015

Hello Friends, The Federal Reserve decided not to increase the Fed Funds rate of interest at the most recent Fed meeting in September. The bond market reacted positively to this…

September 2015

Vic’s Mortgage Report — September 2015

Hello Friends, The Fed is still in a holding pattern on increasing their target rate, the Fed Funds, with no increase at the last Federal Reserve Open Market Committee meeting,…

August 2015

Vic’s Mortgage Report — August 2015

Hello Friends, July 16th saw Greece come to terms on new austerity measures that would allow for a third EU bail out for this debt ridden nation. Stocks continued to hit higher…

July 2015

Vic’s Mortgage Report — July 2015

Hello Friends, The results of the Federal Reserve’s latest

June 2015

Vic’s Mortgage Report — June 2015

Hello Friends, The volatility continues as we all await the impending Federal Reserve rate hike. The April 28-29 Federal Open Market Committee meeting saw the Fed reiterate its…

May 2015

Vic’s Mortgage Report — May 2015

Hello Friends, Rates improved following the last Federal

April 2015

Vic’s Mortgage Report — April 2015

Hello Friends, The most recent Federal Open Market Com mittee meeting saw the Federal Reserve slight ly change the wording in their rate policy by removing the word “patient” from…

March 2015

Vic’s Mortgage Report — March 2015

Hello Friends, The low mortgage rates we saw to start the year dropped to their lowest levels on then went back on the rise. We appreciated one month of 30-year fixed rates firmly…

February 2015

Vic’s Mortgage Report — February 2015

Hello Friends, The New Year started out favorably for interest rates and by the time I am writing this update, on January 16th, we have seen mortgage rates come within .25% - .50%…

December 2014

Vic’s Mortgage Report — December 2014

Hello Friends, Iwould like to wish you all a healthy and

November 2014

Vic’s Mortgage Report — November 2014

Hello Friends, Hope every one is having a happy and healthy holiday season.

October 2014

Vic’s Mortgage Report — October 2014

Hello Friends, This is the big month that the

September 2014

Vic’s Mortgage Report — September 2014

Hello Friends, There is nothing new to report regarding interest rates.

August 2014

Vic’s Mortgage Report — August 2014

Hello Friends, The most recent Federal Open Market

July 2014

Vic’s Mortgage Report — July 2014

Hello Friends, Interest rates fell to a seven month low in the last weeks in May, somewhere around 4% APR on a conventional 30 year fixed loan that conforms to Fannie Mae and…

June 2014

Vic’s Mortgage Report — June 2014

Hello Friends, The Senate recently passed a bill to reform Fannie Mae and Freddie Mac, the main government mortgage, Government Sponsored Enterprises (GSEs) that provide the…

May 2014

Vic’s Mortgage Report — May 2014

Hello Friends, Interest rates for zero points continue to remain in the current range of 4.25% APR — 4.5% APR for conforming 30-year fixed mortgages. 15-year fixed is holding…

April 2014

Vic’s Mortgage Report — April 2014

Hello Friends, March 11th saw common shares for Fannie Mae and Freddie Mac decline respectively, after lawmakers in Washington DC announced a formal blueprint for shutting down…

February 2014

Vic’s Mortgage Report — February 2014

Hello Friends, The New Year started out with more major overhauls to the mortgage industry. The Consumer Fin ance Protec tion Bureau (CFPB) amended the current mortgage lending…

December 2013

Vic’s Mortgage Report — December 2013

Hello Friends, It looks like there will be a new Federal

November 2013

Vic’s Mortgage Report — November 2013

Hello Friends, The down ward rate reversal that started on September 18th has continued through the middle of October due to the continued sentiment that the Federal Reserve will…

October 2013

Vic’s Mortgage Report — October 2013

Hello Friends, The last Federal Open Market Committee meeting took place on September 17th and 18th with some surprising results. The Fed decided against reducing QE3,…

September 2013

Vic’s Mortgage Report — September 2013

Hello Friends, Ihave recent ly been bom bard ed by a fair amount of mortgage refi nance marketing, especi ally for Adjustable Rate Mortgages (ARMs), due to the recent jump up in…

August 2013

Vic’s Mortgage Report — August 2013

Hello Friends, Iam sure that most of you are aware that interest rates increased further since my last report from June 10th of this year. The Federal Reserve Open Market…

July 2013

Vic’s Mortgage Report — July 2013

Hello Friends, Most of you know by now that interest rates have been on the rise this year compared to last year. We went on our best run ever from November 2011 through December…

June 2013

Vic’s Mortgage Report — June 2013

Hello Friends, The Federal Housing Finance Ad min istra tion, FHFA, has decided to extend the Home Affordable Refinance Program, HARP, until the end of 2015. This is the program…

May 2013

Vic’s Mortgage Report — May 2013

Hello Friends, It took four months for rates to come back to the lowest levels last seen in the first week of December 2012, but we finally made it back in the first week of April…

March 2013

Vic’s Mortgage Report — March 2013

Hello Friends, Since the last newsletter, the stock market has continued its upward trend through the middle of February, which has caused the mortgage rate increase to remain in…

February 2013

Vic’s Mortgage Report — February 2013

Hello Friends, 013 started with the Federal Government averting the fiscal cliff, which caused the stock markets to improve into the first two weeks of 2013. This caused investors…

January 2013

Vic’s Mortgage Report — January 2013

Hello Friends, First off, I would like to wish you all

November 2012

Vic’s Mortgage Report — November 2012

Hello Friends, The rate madness continues.

October 2012

Vic’s Mortgage Report — October 2012

Hello Friends, The most recent Federal Open Market

August 2012

Vic’s Mortgage Report — August 2012

Hello Friends, The first week in July saw rates continue to fall to record lows. Freddie Mac announced their average rate for the first week in July fell to 3.56% APR on a 30-year…

July 2012

Vic’s Mortgage Report — July 2012

Hello Friends, New home purchasing has been heating up all spring heading into the summer with most properties receiving multi ple offers and staying on the market for shorter…

June 2012

Vic’s Mortgage Report — June 2012

Hello Friends, In this issue I will continue last week’s discussion on the refinance loan programs that allow home owners to refinance with little equity, no equity, or even…

May 2012

Vic’s Mortgage Report — May 2012

Hello Friends, We are now into the HARP Affordable

April 2012

Vic’s Mortgage Report — April 2012

Hello Friends, Today is and the new Home Afford- able Refinance Program 2.0 (HARP 2.0) is going into effect by 3/19/2012. Lenders have already started taking loan applications for…

March 2012

Vic’s Mortgage Report — March 2012

Hello Friends, The latest news re- gard ing the government’s involvement in the foreclosure mess is a sweep ing new refinance initiative involving the largest five institutional…

February 2012

Vic’s Mortgage Report — February 2012

Hello Friends, Iam sorry to report that MetLife

January 2012

Vic’s Mortgage Report — January 2012

Hello Friends, Ihope you all had a happy holiday season and are all enjoying the New Year.

December 2011

Vic’s Mortgage Report — December 2011

Hello Friends, Being that I live and work in Oakland, CA

November 2011

Vic’s Mortgage Report — November 2011

Hello Friends, Rates continue to be at an all-time low through the middle of October. The Federal Reserve announced Operation Twist at their Open Market Committee Meeting in…

October 2011

Vic’s Mortgage Report — October 2011

Hello Friends, Interest rates continued to hover near the

August 2011

Vic’s Mortgage Report — August 2011

Hello Friends, These are crazy times indeed!

July 2011

Vic’s Mortgage Report — July 2011

Hello Friends, July brought some more poor economic news that helped push interest rates back to- wards the recent lows that we saw from May through July. Non-farm jobs, expected…

June 2011

Vic’s Mortgage Report — June 2011

Hello Friends, Broker compensa- tion changes have gone into full effect and we had a little over a month to see how they are affecting the way we do business. I had a weird…

May 2011

Vic’s Mortgage Report — May 2011

Hello Friends, the new Fed rules on loan agent compensation went into effect. These changes come some three months before the new Consumer Financial Protection Bureau is set to…

March 2011

Vic’s Mortgage Report — March 2011

Hello Friends, The bond market just completed seven consecutive days where it tanked and interest rates went back up over 5% for no points on a 30-year fixed conforming loan. This…

February 2011

Vic’s Mortgage Report — February 2011

Hello Friends, Since I am writing this update around the tenth of January, I would like to wish you all a very Happy New Year! I apologize for not getting out a holiday card with…

November 2010

Vic’s Mortgage Report — November 2010

Hello Friends, It’s all about the Fed and Quantitative

October 2010

Vic’s Mortgage Report — October 2010

Hello Friends, Iguess we all know by now that interest rates are at record lows. They continued to stay at record low levels from midJune to early September. Okay, enough of that…