When Is the Right Time to Lock in Your 30 Year Mortgage Rate? - Mortgage Tip

Knowing when to lock your 30 year mortgage rate can seem like a total crap shoot!  I’m here to tell you that its not!  I’m Chris Reese, the California Mortgage Hero and Certified Mortgage Planner. I have my thumb on the pulse of the mortgage rate market.  I do this by research and by monitoring the mortgage backed securities market which is the predominate driver of 30 year mortgage rates. Here’s a picture of a candlestick chart for the MBS market at the time of this post.

Planning a Rate Lock Strategy

I help each of my clients plan a rate locking strategy based on data from charts like the one above but there are also many add’l factors to take into account. We live in a world economy and turmoil in the world, whether its political or financial, can have an adverse effect on the 30 year mortgage rates. It takes a competent mortgage planner to decipher the effects on the market as news will always trump technical analysis.  Then there are personal circumstances that will also dictate how we plan an individual client’s rate lock strategy. The client might be very adverse to risk and may also be at risk of not qualifying for their mortgage if rates were to change dramatically.  Other clients might be very comfortable with risk, almost to the point of treating locking their rate vs. floating like throwing the dice on a craps table.  Then there are clients that fit everywhere in between those 2 extremes. Some clients are also not doing a 30 year fixed rate mortgage and the fluctuations on adjustable rate mortgages is not as vast. In other words, the ARM loans aren’t as volatile from day to day as a 30 year mortgage.

Regardless of your situation, type of loan, or adversity to risk, I can help you. As a Certified Mortgage Planning Specialist and Certified Mortgage Coach, I have the experience, knowledge, tools, and technology to help you plan the best mortgage and rate locking strategy for your situation.  Maybe you just need a quick quote on a 30 year mortgage rate, or maybe you need a full mortgage review or Property Value Analysis? Maybe you just need to get pre-approved so that you can go out house shopping with your Real Estate Agent? Contact the Chris Reese Mortgage team at 916-502-1656. You can also apply on line for a mortgage loan, request a free property value analysis or mortgage review and even request to be added to my daily rate update list at http://www.SacramentoHomeLoanSpecialist.com. I look forward to delivering you the best service in the industry. Have a SUPER DAY!

When Is the Right Time to Lock in Your 30 Year Mortgage Rate? - Mortgage Tip

30 Year Mortgage Rates Near Unchanged from a Year Ago

Check out this recent article about 30 year mortgage rates. It explains how average 30 year mortgage rates compare to this time a year ago. It also compares the 15 year fixed and the adjustable rate mortgages.  It also goes on to discuss how existing home sales are up and gives an indication that mortgage applications are up from last week as well. I wouldn’t put a ton of stock in the mortgage applications numbers though. There’s huge debate over what constitutes a mortgage application. While most of us think it means someone actually applied for a mortgage and has a loan in process, the stats represent everything from somebody just having their credit pulled to actually being declined. You be the judge and read the article http://www.washingtonpost.com/blogs/where-we-live/wp/2014/07/24/mortgage-rates-hover-near-lowest-levels-for-the-year/ for yourself.  For a free mortgage rate quote or property value analysis contact the Chris Reese Mortgage team at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

30 Year Mortgage Rates Near Unchanged from a Year Ago

California Mortgage Hero: Feel the Fear...

 “Feel the fear and do it anyway” – Susan Jeffers

We are faced with opportunities every day to be brave and overcome our fears.  Maybe its simply telling someone how you feel. Trying something new. Making a tough sales call. It’s this fear that makes us feel alive! Without pain their’s no joy. Without fear there is no courage. Face your fears and take what is rightfully yours! Chris Reese, The California Mortgage Hero and Certified Mortgage Planner leaps tall buildings every day to help you achieve your financial goals. Maybe you’re considering buying or selling a home? Maybe you’re curious if you should refinance to a lower 30 year mortgage rate or pull cash out? Maybe you need help analyzing real estate investments? Contact the Reese Mortgage Team today for a free mortgage review, mortgage rate quote, or property value analysis 916-502-1656,

California Mortgage Hero: Feel the Fear...

Eliminate Mildew Smell on Your Clothes - Weekly Tip

Mildew smell on your clothes is the worst! Chris Reese, The California Mortgage Hero shows you how to eliminate the mildew smell on your clothes.

For more great household tips visit California Mortgage Hero Weekly Tips. Contact the Chris Reese Mortgage Team for all your Mortgage and Real Estate Needs at 916-502-1656

Eliminate Mildew Smell on Your Clothes - Weekly Tip

California Mortgage Hero: Information More Important Than Knowledge

Contact the Reese Mortgage Team for all the information you need about Mortgage Loans or Real Estate at 916-502-1656

California Mortgage Hero: Information More Important Than Knowledge

Be Original -Weekly Tip

Being Original is very important, especially for business. Chris Reese, the California Mortgage Hero and Certified Mortgage Planner in Roseville shows you how to be an Original. Separating yourself from the pack is a very valuable skill that we all should know. The example Chris uses in the video is a strategy that is currently in place by a local Real Estate Celebrity in the Placer County Area. Watch the video to see who this local celebrity is and what they did to be original while still staying true to their own personality.


If you would like some help coming up with an original, unique strategy to promote or market your business or special event just give Chris a call at 916-502-1656. For any and all your Mortgage and Real Estate needs contact the Chris Reese Mortgage team 916-502-1656, visit Sacramento Home Loan Specialist Expert Advice

Be Original -Weekly Tip

30 Year Mortgage Rates So Low They"re Causing a Shortage of Housing

Chris Reese, The California Mortgage Hero and Certified mortgage planners shares this article titled Record Low Mortgage Rates Now Haunt the Housing Market. The author has an interesting perspective. They explain how the extraordinarily low rates we’ve seen the last couple years on 30 year mortgages is encouraging would-be home sellers to hang on to their current home rather than give up such low rates and pay more on a new mortgage. It goes on to say how this phenomenon has never really occurred in history before. Traditionally people were able to sell their older home and achieve a lower interest rate on the next.

I personally don’t think that this is a huge factor.  If you need to move out of a 1200 sq ft home and into a 2200 sq ft home, your payments are going to go up regardless of whether rates are higher or lower, you’re buying a bigger house. Conversely, people moving down in home size will have  smaller payment because even if rates are higher, the payment is based on a much lower loan amount.  This period of  really low 30 year mortgage rates will most likely make future refinances suffer because if people will be staying in the same home, then they would likely not want to give up their really low  rate unless they were taking cash out for some other purpose such as buying another home, paying for college, funding elder care etc…. You be the judge and let me know what you think by commenting below.

You can read the the entire article here Record Low Mortgage Rates Now Haunt the Housing Market. Find out what 30 year mortgage rates look like and if you can benefit from a refinance or move up purchase. Contact the Reese Mortgage team for your free mortgage review, pre-approval, or property value analysis at 916-502-1656

30 Year Mortgage Rates So Low They"re Causing a Shortage of Housing

California Mortgage Hero: The Show Must Go On!

Chris Reese, The California Mortgage Hero and Certified Mortgage Planner wishes everyone a prosperous day!

You Must Always Persevere!

No matter what Happens in life, business, personally….”The Show Must Go On” – Noel Coward. Sometimes we get knocked down, sometimes the circumstances just seem like too heavy a load to bear. This is when it matters the most and when you’ll have your greatest gains and triumphs. Make it Happne! Contact the Chris Reese Mortgage Team for all your mortgage and real estate needs 916-502-1656.

California Mortgage Hero: The Show Must Go On!

Eliminate Stinky Feet and Shoes - Weekly Tip, California Mortgage Hero

This is an issue for just about everybody whether they want to admit it or not.  You can eliminate stinky feet and shoes with this weekly tip from Chris Reese, The California Mortgage Hero.

This particular tip is somewhat on the funny or embarrassing side for sure.  This tip definitely works to get rid of and prevent shoe and foot odor. I played sports growing up and was usually running around all day playing basketball at recess, soccer at lunch, wiffle-ball in the front yard (pitcher’s hand is as good as first !) after school before afternoon baseball practice. Then I was home for dinner and when I took my shoes off my socks were crispy, stuck to my feet and stinky. I know, disgusting right? Of course but I bet many of you reading this and watching the video have experienced this firsthand or with your children. In this video I give you the “ninja tip” on how to prevent this. For more great household tips visit California Mortgage Hero – Weekly Tips. Contact the Chris Reese Mortgage Team for your fast and free Mortgage Review, 30 year mortgage rate quote, or free property value analysis or just pick up the phone and call 916-502-1656

Eliminate Stinky Feet and Shoes - Weekly Tip, California Mortgage Hero

30 Year Mortgage Rates Fell Again!

Don’t get too excited. Mini Blip on the radar. This article on average 30 year mortgage rates falling is a little bit of hype because they only fell .03%. That’s not enough to actually make a difference and nobody would see the actual result of that in a transaction but facts are facts.  It goes on to explain that the average drop in price on a 15 year mortgage was about .08%, again, not that bit of a deal. Nonetheless, hopefully your mortgage planner is advising you to lock your loan in. There is opportunity for an improvement but the risk of 30 year mortgage rates worsening is much greater than what you might have to gain by floating. Unless you like to gamble or cost isn’t an issue for you, I would consult w/your loan officer and talk about locking in. For more information on locking your loan, locking strategies, or just want to know what the average 30 year mortgage rate is contact Certified Mortgage Planner & California Mortgage Hero Chris Reese 916-502-1656 or visit Sacramento Home Loan Specialist.

30 Year Mortgage Rates Fell Again!

California Mortgage Hero: Be Here Now

Just be in the moment as often as you can!

Be Here Now!

“Be Here Now” – Ram Dass. Contact Chris Reese for a free rate quote, mortgage review, or property value analysis 916-502-1656, Sacramento Home Loan Specialist. Let the pro’s work for you so you can be in the moment.

California Mortgage Hero: Be Here Now

30 Year Mortgage Rates Today, June 26th, 2014

More improvement today in the Mortgage Backed Securities Market. That translates into better pricing on 30 year mortgage rates.

 

Mortgage Backed Securities Market Update June 26th, 2014

At the time of this post, we’re up another 20 basis points in the mortgage backed securities market which should translate to an increase in your lender credit by about .20% of your loan amount. Another way to say this is that for every $100K you borrow, your credit is $200 more.  If you’ve chosen a rate that is at a cost or below par, your cost would be $200 cheaper. So for a $300,000 loan amount, you would save approximately $600. Having your thumb on the pulse of the market is extremely important if you want to employ a lock planning strategy to take advantage of anomalies in the market and mitigate your risk of rising interest rates on a mortgage loan, especially a 30 year fixed mortgage. Call Chris Reese today to discuss your locking strategy and a free mortgage review at 916-502-1656. You can also visit Sacramento Home Loan Specialist to receive free reports about the mortgage and real estate market.

 

 

30 Year Mortgage Rates Today, June 26th, 2014

Save Money and Stop Wasting - Weekly Tip

Save Money and Stop Wasting this precious commodity!

California Mortgage Hero and Certified Mortgage Planner, Chris Reese, explains a neat way to save money and stop wasting this precious, household product. Watch the video to see what it is and how to do it. Contact Certified Mortgage Planner, Chris Reese today so you can stop wasting money and improve your financial well-being. 916-502-1656, Sacramento Home Loan Specialist

Save Money and Stop Wasting - Weekly Tip

California Mortgage Hero: I think.....

I think therefore I am – Rene Descates

Contact the Chris Reese Mortgage Team for all your mortgage and real estate needs, 916-502-1656, Sacramento Home Loan Specialist

California Mortgage Hero: I think.....

Salad Dressing to Go Please - Weekly Tip

Chris Reese, Roseville Certified Mortgage Planner, gives a great tip in this video on how to take your salad dressings and sauces on the go. Watch this video to see how.

For more really cool household & mortgage tips visit California Mortgage Hero. Want to know if now is a good time to refinance or sell your home, or even buy an investment property call Chris Reese at 916-502-1656. Sacramento Home Loan Specialist

Salad Dressing to Go Please - Weekly Tip

Average 30 Year Mortgage Rates are Up

Average 30 Year Mortgage Rates are Up

Here is a very recent article titled Average 30 Year Mortgage Rates are Up to 4.2 Percent explaining that rates are up but the economy is still not quite where the Fed wants it. They go on to discuss that inflation is still too low and that the Fed has no intention of raising the federal funds rate any time soon.  For a Free Mortgage Review contact Chris Reese, Certified Mortgage Planner at 916-502-1656, or visit Sacramento Home Loan Specialist

Average 30 Year Mortgage Rates are Up

California Mortgage Hero: Seek Happiness

“The foolish man seeks happiness in the distance; the wise grows it under his feet” – J. Robert Oppenheimer

Contact Chris Reese, Certified Mortgage Planner, to help you get started on your dreams of home ownership, building wealth through real estate, or planning the next big life change. 916-502-1656 or Sacramento Home Loan Specialist

California Mortgage Hero: Seek Happiness

Avocados, Keeping Them Fresh - Weekly Tip

The California Mortgage Hero delivers another outstanding household tip. If you love Avocados, then you’ll love this tip. Chris Reese, Certified Mortgage Planner, shows you how to store your avocados that you’ve cut into so that you don’t get those ugly brown spots. Watch the video to see how. Call Chris Reese, Certified Mortgage Planner, today for a free mortgage review or to see how the many different loan programs can benefit you and improve your financial well being.  916-502-1656 Sacramento Home Loan Specialist

Avocados, Keeping Them Fresh - Weekly Tip

Low 30 Year Mortgage Rates Not Enticing Home Buyers?

Here is a great article explaining that the lowest 30 year mortgage rates of 2014 still aren’t enticing home buyers to come off the fence. Rates have dropped since the beginning of the year but mortgage applications are actually down. The author attributes this to an unstable job market and possibly some disdain from borrowers who missed the industry all time lows in early 2013. You can read the entire article here Falling mortgage rates aren’t enticing home buyers, latest data show. Contact Chris Reese, Certified Mortgage Planner for a Free Mortgage Review and how a 30 year mortgage rate can work for you, 916-502-1656 Sacramento Home Loan Specialist

Low 30 Year Mortgage Rates Not Enticing Home Buyers?

California Mortgage Hero: ....Stand like a rock..

“In Matters of style, swim with the current; in matters of principle, stand like a rock.”                            – Thomas Jefferson

Contact the Chris Reese Mortgage Team today to discuss your home loan options in Roseville, CA and the surrounding areas at 916-502-1656 or visit Sacramento Home Loan Specialist

California Mortgage Hero: ....Stand like a rock..