What is a mortgage rate lock?

What is a mortgage rate lock?

Transcript: Hey everyone. So let's talk about rate locks. What does it mean when your loan officer tells you that they've locked a rate in for you? Well, interest rates fluctuate with the market, and they change constantly. Sometimes they go up or down several times a...

VA loans, Veteran home loans, special VA rates

VA loans, Veteran home loans, special VA rates

Transcript: Hey everyone, I'm going to keep this week's mortgage update very brief. We are heading into the 4th of July weekend. And this is a great; time for me to think about our heroes. Our veterans who defend our freedoms every day; I happen to be the proud...

Should I Wait to Refinance?

Should I Wait to Refinance?

Transcript: Hey everyone. So we've spoken with many people who would benefit from a refinance today and save hundreds, if not thousands of dollars monthly and over the life of their loans. Several have chosen to wait and see if rates continue to go down. This is your...

Forbearance, Unemployment and Coronavirus

Forbearance, Unemployment and Coronavirus

Transcript: Happy Friday, everyone is Jamie with The Real 411. Well, congratulations on surviving another week of being stuck at home. And if you're like me and you have little ones, then you have simultaneously managed to work from home while watching your kids and...

Rate Watch and how the fed rate comes into play

Rate Watch and how the fed rate comes into play

Transcript: Hey everybody. It's me, Jamie, with the real four, one, one (411). I usually wait until Monday's is sending out my weekly mortgage update. But we got some news today that is just too important to wait. I'm sure you've seen the news that the fed cut rates...

Fed Rate vs Mortgage Rate

Fed Rate vs Mortgage Rate

Transcript: Hi everyone. What a week in the mortgage industry? As you've heard, the ten-year T bill is at an all-time low. And the media is boasting about half a percentage point cuts to interest rates. I want you to understand some important things about this. So I'm...