Mortgage Blog

If you check my rate today, you will find out that the jumbo rate is lower than the high balance rate. The main reason is that the Jumbo rate is not decided by the market. So it could be lower than the Conforming rate or high balance rate.

Very interestingly, I locked a 90 day lock rate for 3.75% for 30 yr fixed. It is my first time to lock a longer term(longer than 60 days), and I am glad that I made a good decision.

I ran 6 repeats of 800m yesterday for my workout. And the splits from Garmin and Strava are very different. Garmin is much better. But on normal cases, we can  not tell much of the difference. Is not it the same for loan agents? For normal easy loans, you can not tell much of the difference.

I will have a jumbo purchase loan closed tomorrow. It is such a smooth transaction, at least better than I thought.