Meet the latest addition to my team: Alex Wilson! Alex will be filling in for me while I am away, answering your phone calls, emails and text messages. Let’s test her knowledge and answer some of your texts!

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

Big news coming from The Federal Reserve tomorrow. What does this mean to you as a homeowner, and a homebuyer? We’ll find out how mortgage interest rates are affected. The announcement happens on July 31. What does that mean for you? Go back and listen to my podcasts this past week for all of the best education and advice from The Mortgage Mom.

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

Real estate is for the long haul, and even if property values go down, its an important investment.  We get your phone calls! Here’s one from Anna in Fountain Valley, listen to her stories and how her advice could benefit you as well!

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

If you’re thinking about switching careers, will if affect your homeownership options? Can you make the change during your purchase or refinance transaction? Don’t forget to call Mom first!

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

This past week, Fed Chair Jerome Powell reaffirmed the Federal Reserve’s dovish position as he testified on Capitol Hill, thereby paving the way for the first Fed rate cut in 10 years later this month.

Mr. Powell used the word “uncertainties” five times in his prepared speech to describe potential headwinds to the U.S. economy. When things are “uncertain”, here or around the globe, it’s the Fed’s job to be “accommodative” and provide easy monetary policy to stimulate growth and investment, and boost confidence.

Here’s what we have to consider now that the Fed is going to cut rates — potentially by as much as .50% on July 31.

Fed rate cuts are designed to weaken the U.S. dollar, promote inflation, stimulate the economy, boost Stock prices, boost confidence, and lift some uncertainty. This is really good news for the economy and housing but at the same time, home loan rates will not move lower in lockstep with a Fed rate cut. In fact, we might see a limit to how low home loan rates move in the near-term as we see how Fed rate cuts make their impact on the economy.

However, there is a tug of war happening which continues to pull our rates lower, and that is the declining global yields in places like Germany, Spain, and Japan. Due to “uncertainties” within their economies, their Bond yields and interest rates continue to decline, and as a result our Treasuries and Mortgage Bonds push higher in price and lower in rate as well.

Bottom line: The Goldilocks scenario for housing continues. We are seeing home loan rates near the best levels in two years and the Fed is about to embark on rate cuts which are designed to help the U.S. economy avoid a recession. Clients should understand that if the Fed is successful, and the recession fears lift, home loan rates may not improve much further.

If you or someone you know has questions about home loans, give me a call. I’d be happy to help.

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

Do you have a question that you would like to ask me? You too can always text MOM to 474747 and ask your questions as well! In this episode, we received text messages about a homeowner moving out of state, I give FHA and VA refinance details, and I explain the magic of streamlined refinances.

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

I receive numerous text messages and phone calls weekly that are focused around divorce. One question received this week was in regards to the other spouse being responsible for debt that didn’t get paid. Does this affect the outcome of applying for a mortgage? Are there ways around the damaged credit score due to your ex’s poor payment history? I take my time to explain the importance of a complete application and the option of manual underwriting in these circumstances. Listen now to learn more!

If you have a question for me too, please don’t hesitate to reach out! Text “MOM” to 474747.

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

If your in the market to buy a home and wondering what closing costs are and how much that they will be, check out my YouTube Channel. I have a workshop that is specific to closing costs for a new home purchase. WATCH NOW

Looking to refinance and want to know about the closing costs that you will experience? Give me a call, I’d be more than happy to go over those with you personally.

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

Is an interest rate at 4.625% too high? It truly depends on your scenario. There are so many factors that go into the interest rate available to you. Before you make a phone call to receive a quote, have the following information ready to relay to me or the lender that you call:

  1. Current Mortgage Balance?
  2. Approximate Property Value?
  3. Do you have a home equity line of credit?
  4. If yes, how much do you owe?
  5. Are you looking to pay it off with this new loan?
  6. If you would like cash out in hand at closing, how much would you like?
  7. Credit/Fico Score?
  8. Do you include your taxes and insurance in your monthly payment?
  9. Property Type (Single Family, Condo/Townhome, 2-4 Units
  10. Occupancy (primary, second, investment)

If you are purchasing a home, many of the same factors will be asked:

  1. Purchase Price
  2. Down Payment?
  3. Credit/Fico Score?
  4. Property Type?
  5. Occupancy
  6. Will you include your taxes and insurance in your monthly payment?

Do you want a personal quote, just call me, I’d be more than happy to help you directly!

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

Make the first step towards owning your own home today! Your home purchase and the equity that you create with help to build your financial future! Workshop 201 focuses on Finding the right real estate agent for you and your family. Learn what those important questions are that you should be asking to identify the right person for you. If you missed Workshop’s 101-106, go back and watch those as we are bringing you start to finish through the home buying process! Subscribe now to get updates as we release new homebuyer workshops and our refinance series coming soon!

How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!

Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 (http://www.nmlsconsumeraccess.org/) | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.