Matt Jolivette
Owner/Broker
Associated Mortgage Brokers
P: (503) 221-0064
M: (503) 545-8843
www.nwmortgagebroker.com
13535 SW 72nd Avenue
Suite 140
Portland OR 97223
License:
90661
Mortgage Rates
Mortgage Rates 101, Part 1: What is a Mortgage? Mortgage Rates 101, Part 1: What is a Mortgage?
When people want to buy something now, but don’t have (or don’t wish to spend) the cash to buy it outright, they can instead use a loan (aka financing, borrowing, debt).  This typically involves an agreement between the consumer and ...
Mortgage Rates 101, Part 2: Basic Parts of a Mortgage Mortgage Rates 101, Part 2: Basic Parts of a Mortgage
Key Concepts Mortgage rates are interest rates on home loans There are really TWO mortgage rates: the interest rate (or “note rate”) applied to your loan amount (or “principal”) and the rate implied by certain upfron...
Mortgage Rates 101, Part 3: What is an APR? Mortgage Rates 101, Part 3: What is an APR?
Key Concepts APR attempts to factor in upfront costs to deliver a true “cost of financing” which is typically higher than the interest rate on your mortgage APR relies on human input and variables that can be manipulated to a ce...
Mortgage Rates 101, Part 4: How Are They Determined? Mortgage Rates 101, Part 4: How Are They Determined?
Key Concepts Mortgage rates are driven by investor demand Investors view mortgages as similar to bonds (lower risk, more stable return) Unpredictable consumer behavior makes mortgages more risky than “guaranteed” bonds like U...
Mortgage Rates 101, Part 5: What Causes Mortgage Rates to Change? Mortgage Rates 101, Part 5: What Causes Mortgage Rates to Change?
Mortgage rates change daily , and sometimes multiple times per day. In this article, “mortgage rates” will refer to the combination of upfront cost and actual interest rate described here: The 2 Components of Mortgage Rates . For example...
Mortgage Rates 101, Part 6: Locking Your Mortgage Rate Mortgage Rates 101, Part 6: Locking Your Mortgage Rate
At some point during the mortgage process, the contract interest rate (the one that ends up on the Promissory Note--the most official document stipulating the terms of repayment) must be “locked.” This means that there is an agreement bet...
Mortgage Rates 101, Part 7: Securitization and MBS Mortgage Rates 101, Part 7: Securitization and MBS
Key Concepts Understanding securitization (mortgages turn into bonds) Securitization makes rates lower and allows them to follow other bonds more closely There are a few ways investors could address the unpredictability problem associ...
Mortgage Rates 101, Part 8: Overview / Conclusion Mortgage Rates 101, Part 8: Overview / Conclusion
Key Concepts: Understand how investors, lenders, and borrowers come together to determine the final mortgage rate This is it! Like the first time you fully grasped the “Bill on Capitol Hill” song, this section will hopefully help you ...
No, The Fed Hike/Cut Doesn't Mean Anything For Mortgage Rates No, The Fed Hike/Cut Doesn't Mean Anything For Mortgage Rates
There's a common misconception that the Fed "sets" (or hikes/cuts) mortgage rates directly.  Even among people who know better, there is often a belief that changes in the Fed Funds Rate (the thing the Fed actually hikes/cuts) translate in some ...
The 2 Components of Mortgage Rates: Upfront Cost and the Rate Itself The 2 Components of Mortgage Rates: Upfront Cost and the Rate Itself
Mortgage rates, for the purposes of this article, will refer to the most commonly-quoted loans available through the most prevalent channels.  That essentially means  conforming, fixed rate loans —especially 30yr and 15yr fixed.&...
MBS Basics
What are Mortgage-Backed Securities? What are Mortgage-Backed Securities?
Many mortgage industry professionals and a vast majority of consumers are not familiar with Mortgage-Backed Securities (MBS), let alone the critical role they play in mortgage rate movements.  Those with a basic understanding of that relations...
Mortgage Rates 101, Part 7: Securitization and MBS Mortgage Rates 101, Part 7: Securitization and MBS
Key Concepts Understanding securitization (mortgages turn into bonds) Securitization makes rates lower and allows them to follow other bonds more closely There are a few ways investors could address the unpredictability problem associ...
Matt Jolivette
Owner/Broker
Associated Mortgage Brokers
P: (503) 221-0064
M: (503) 545-8843
www.nwmortgagebroker.com
13535 SW 72nd Avenue
Suite 140
Portland OR 97223
License:
90661
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© MBS Live, LLC. - All rights reserved.

Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.