Mortgage Market Update/Purchase and Refinance Mortgage info

[Tamalewagon]

Cabin Fever Thursday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Friday Campers...

Markets are down today.
Friday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Markets In A Minute - click HERE

 

[Tamalewagon]

Monday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Tuesday's Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

HUMP DAY's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Thursday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Happy "Trade Flowers or Jewelry for sex day"!

Friday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Markets In A Minute...click HERE

 

[Tamalewagon]

Tuesday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

FYI, rates are unbelievably low right now. Give me a shout for any CA loan scenario.

 

[Tamalewagon]

The housing outlook for 2020 just came out and is extremely positive. I will post that later today.

HUMP DAY's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Friday Eve's
Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

HUGE selloff going on right now due to Corona virus. We may see this impact mortgage rates today...

Monday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Another huge selloff day.

Tuesday's Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

HUMP DAY's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Thursday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Friday Campers...

Markets are down today.
Friday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

This week's Markets In A Minute click HERE

Rates are extremely low. Call or email me today for a free review of your mortgage scenario to see if we can improve your current situation. 619-255-3182 or [email protected]

 

[Husqy510]

Just sent you an email

 

[Tamalewagon]

Just sent you an email

On it

 

[Tamalewagon]

Sunday's Weekly Report and forecast click HERE

 

[Tamalewagon]

Going to be a wild week. Stock market up 500+ points today.

Monday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Tuesday's Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Just so you guys get the picture about the Fed reducing their rates and mortgage rates. One of my favorite questions from clients is "Hey! The FED just lowered the rates! How does this affect me?" Truth is, it doesn't. The only rate that is affected by the FED is home equity lines of credit. There it is in a nutshell.

 

[Tamalewagon]

HUMP DAY's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Market is currently down 500 points. Good day to lock.

Thursday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Quick Lending update. Many lenders were unprepared for this amount of business. In order to catch up, many lenders are pricing their rates higher than the market dictates (also known as "pricing themselves out of the market"). Be prepared for longer turn times and be patient when shopping the best rates. The big banks like BofA, Wells Fargo, Chase, US Bank etc. have already priced themselves out of the market in order to catch up. We still have many lenders in our stable that have not priced themselves out of the market.

 

[Tamalewagon]

Monday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

FYI...now is NOT a good time to lock but is the best time to prepare. Get with your lender and complete an application so you are ready to pull the trigger as soon as rates come back down. ALL lenders are pricing themselves out of the market in order to catch up with the massive amount of business they received over the past month. It is best to ride this out as I believe rates will return to the high 2% to low 3% range.

 

[Tamalewagon]

Good Morning Campers...

Tuesday's Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Done-it-again]

Good Morning Campers...

Tuesday's Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

Just sent it a rate requested via website....

 

[Tamalewagon]

Happy Hump Day Campers...

The rates are projected to come back down by mid next week. Hang tight and get prepared. Get your application in today.

Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Thursday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Happy Mass Hysteria Friday Campers...

Markets are down today.
Friday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click "Apply Now" I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Done-it-again]

Happy Mass Hysteria Friday Campers...

Markets are down today.
Friday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click "Apply Now" I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

Received a confirmation via email on Wednesday saying info is under review. Nothing since...

 

[Tamalewagon]

Please check email folks. It's a little hectic and rates haven't gone down. I am watching the market minute by minute and hope to see decent results next week.

 

[Tamalewagon]

Received a confirmation via email on Wednesday saying info is under review. Nothing since...

PM'd you.

 

[pronstar]

Scott, I have a friend in the mortgage biz, she says some lenders have been inundated with re-if requests to the point that they’re raising rates they offer just to slow down the number of applicants.

Any truth to this?



Sent from my iPhone using Tapatalk Pro

 

[Tamalewagon]

Scott, I have a friend in the mortgage biz, she says some lenders have been inundated with re-if requests to the point that they’re raising rates they offer just to slow down the number of applicants.

Any truth to this?



Sent from my iPhone using Tapatalk Pro

100%. That's why we expect rates to subside when they get caught up. There are several other "factors", correspondent fund hedging, MBS vs. 10 year bond difference but once the BS hysteria subsides, I think we'll see things start to return to normal.

 

[Tamalewagon]

Now is the time to fill out an application if you haven't already done so. Click HERE

 

[Tamalewagon]

"What's Next?" Monday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Corona Virus and Wenhe Mortgage and Realty -

We will remain open for the duration of the Corona Virus lockdowns, quarantine's and any other public restrictions. Please be patient with your inquiries as we are trying to get to all of them in a timely manor. For faster response, or if you have not received a response from your inquiry, please email me directly at [email protected] or call me at 619-255-3182. Thank you again for your patience.

 

[Tamalewagon]

Get Ready Kids!!! The Senate just passed a bill to purchase large amount of mortgage backed securities (MBS).

Mr. Toad's Wild Tuesday Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

HUMP DAY's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Quarantine Cabin Fever Thursday's Rate Lock Advisory: click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Some good information on the current mortgage industry:

​ Some good information about the current mortgage industry and what's going on with rates. ​ ​ Falling mortgage rates will likely hit a floor. Here's why.​ The Federal Reserve has taken emergency action to cut rates to zero. While 0% interest rates sound great to anyone who owns a home or is planning to buy, it’s important to slow down and talk through a couple of things. First, the Fed does not control mortgage rates. Their cuts apply to rates for loans between the Fed and banks or from one bank to another. Second, the Fed’s actions most quickly impact the rates on U.S. Treasury Securities. These markets can influence Mortgage Backed Securities, which will then influence mortgage rates. However, in times of uncertainty, other factors can overrule the norm. This happened in 2008. Despite aggressive cuts by the Fed, mortgage rates hit a floor and never fell further. The same is happening now. Why? The volume of business. Demand for mortgage loans is stretching the industry’s capacity to serve. To slow demand, rates may hover at higher levels. Reduced investment. When investors know borrowers will refinance early, they expect to lose income. This risk means fewer investors will buy new mortgage backed securities. Less demand equals higher rates. Extra costs to lenders. When loans are refinanced quickly, lenders often pay back their earnings. Similarly, additional expenses can occur when rates shift too quickly for in-process loans. These costs are reflected in higher rates. The Bottom Line A 0% Fed funds rate will not lead to a 0% mortgage loan rate. Mortgage bonds will always have a level under which investors simply will not purchase them, and mortgage rates reflect that. Reach out, and we’ll be happy to review exactly what this can mean for you.​ ​

 

[Tamalewagon]

Friday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Happy "Rates Are Finally Headed In The Right Direction" Monday campers...

Monday's Rate Lock Advisory click HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]

 

[Tamalewagon]

Tuesday's Rate Lock Advisory - HERE

We offer the most aggressive VA, FHA, Conventional and JUMBO pricing for California properties and we close our loans between 14-30 days.

To get your no obligation rate quote for your purchase or refinance, call me today at 866-476-2494 or visit www.WMRLoans.com and click on "Purchase Assistant" or "Refinance Advisor". I will have loan options available to you within 30 minutes.

Scott Wenhe
NMLS 336862
CALBRE 1768632
619-255-3182
[email protected]