Tag Archives: Home Mortgage

Mortgage Rates Reach ALL TIME LOW According to Freddie Mac … Get Ready, but Wait (days, not weeks) to Pull the Trigger …

As the experience notches in the belt gain in quantity, we have learned the follies of attempting to PREDICT or FORECAST events …. luckily we gave a soft “heads up” that rates MAY be in our corner due to the Corona Virus, and help with longer term Mortgage and other longer term fixed interest rate loans ….

Freddie Mac Reports Lowest Mortgage Rates EVER

According to Freddie Mac….

“The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history. ” 3-5-20


Here is the deal…. rates fell AGAIN in the most recent week due to fears of Economic slowdown from the Corona Virus…. but maybe TOO FAST for Mortgage and other longer termed Fixed Rate loans to adjust … On Friday, after the above rates were calculated, the 10 year Treasury, our guidepost for rates, dropped another 22 Basis Points or almost another 1/4 point ….. 

Far right, the 10 year treasury yield fell like a rock as fear stoked investment from across the globe…. yesterday for the first time it took a breather as bonds fell and rates rose…no matter, these are Low Low Low rates!

3-10-20 Ten year treasury

Reach out to your bank, Mortgage Broker, or other refinancing officer, and get your documents in order … begin the qualification process but WAIT (days, not weeks) just a bit and check with your loan professional before locking that rate as it is likely the recent drop in rates has not yet dripped through the loan system…. hopefully better loan rates may be in our very near future…

Here is your friendly reminder on Refinancing or not:

“Think 18 months cost break even – We like to have the saving from the refinance cover the cost of the refinance within 18 months – i.e. Person with $30k mortgage at 5% probably would not need to refinance to 4%, but a $3 million mortgage may be smart to refinance from 4.25% to 4% or the like, if the numbers work out.”

Here is the complete Post which contains 11 items to remember when refinancing!

Take advantage of what cards we are dealt!

Have a Great “All Time Low Rates” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Q 4 2019 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 4 2019 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click Here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

Let’s get going!

Q 4 2019 Newsletter

Click for PDF/printable version of Newsletter


And here is your review!

Is it Time to Refinance?

With Mortgage rates moving lower, we discuss the major items to think of when refinancing your Mortgage.

Our most clever point is we like to have an 18 month payback for the costs when refinancing… this serves as a good barometer on when to refinance, irrespective of the size of your Mortgage.


30 Year US Avg Mortgage Rate


Tariff Talk

It’s been going on for a long time

Trade Wars AKA Tariff talks have been around for a long time. This is not our first rodeo… notice how trade has been more efficient over time!


us-trade-wars-history Cropped

End of Year Tax Reminders

While there are a lot of reach back tax items i.e. Things we can do next year for this years taxes… there are many that have a firm year end deadline-

  • RMD – Required Minimum Distributions
  • Company Related Retirement plans i.e. 401k
  • Charitable Donations
  • 529 and other education programs

We hope you enjoy … talk to you in ….. 2020 WOOOW !!!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Time to Re-finance Your Mortgage? It Might be!

After Ben Bernanke’s recent message to investors that the Fed will purchase maturing Mortgage Backed Securities (MBS) as opposed to taking the maturing funds out of the system,  interest rates have taken a dive.

Mortgage Savings ?

The Fed is further attempting to stimulate the housing market and give current, and new home owners a break with lower rates in the form of lower mortgage payments.

Take the Gift and Act Now !

We have been very pleasantly surprised at falling interest rates and feel anyone with a sizable mortgage (Greater than $100k) may want to review the possibilities of re-financing while rates are so low (this may change in the future…a subject for another time.)

Current rates for longer term mortgages (30 year fixed) are in the mid to high 4% range in the Texas area and finally jumbo or non-conforming loan rates are also lower.

A Few General Thoughts (not recommendations, only suggestions)

  • Eclectic Mortgages are mostly gone, i.e. Interest Only and negative amortization; If you have this type of mortgage, be sure to carefully review your current mortgage costs versus your new, you may already have a good plan for your situation.  
  • Refinancers’- Attempt to keep the cost of your refinancing versus your monthly savings approximately 18 months or shorter (Cost of refinancing / Monthly savings =< 18 months if possible)
  • If you intend on being in your home for the foreseeable future, think strongly about a 30 year Fixed mortgage, rather than a 15 year mortgage, as you can add extra payments to accelerate your mortgage, but back off on the extra if needed.
  • Put your patience hat on; The mortgage qualification process has changed dramatically, is more complicated, and requires more disclosures than ever before; Take your gift, but remember do not kill the messenger, many requirements are beyond your lender’s control.
  •  If you are uncertain on your future residence or know you may be moving, don’t despair as your new home will hopefully be financed with the current excellent rates.

In closing, we cannot express enough, patience, patience, patience! Be prompt with your requested documents, and do not kill the messenger, loan financing is sometimes a stressful situation, you are both on the same team.

Please consult your loan professional before acting, these statements are not meant as an automatic recommendation to refinance your mortgage, each situation is unique.

Have a Great Day !