How are mortgage rates calculated?
 
I get this phone question a lot.   “Hi, I’m Bob, and I’m from Somewhere, Texas and I want to know what today’s mortgage rate is?
 
It’s a good question.   How are rates calculated and why would someone have a different rate than another person—even if they both have identical credit scores?  [...]

TEXAS:  Current Mortgage Rates-Texas 30, 20, 15 Fixed Rates in Texas.
Today’s 30 year fixed mortgage rate is 6.625% and the 15 year mortgage rate is 6.25%.  But notice how the 20 year mortgage rate is actually higher than the 30 year rate.     (see rates below)
Notice the Texas Jumbo Mortgage rate is 8%.  However I, as a [...]

Texas | Home Equity Loan Rates | Investment Home Equity Cash out Loans

Every mortgage or refinance needs a target; something larger we’re trying to accomplish beyond just buying/refinancing a home or investment property.
Most of my clients know I have a few “Jon Rules” that I think about when I’m doing any home loan or refinance.  
These rules are not strict–rather they are [...]

What are mortgage rates doing?   Up? Down?   
The 30 and 15 year mortgage rates have been going up since Wednesday. 
Economists largely agree that the Beige Book document to be released Wednesday by the Federal Reserve won’t reveal anything new. It will likely say that economic conditions are generally soft across the country, with a few pockets [...]