Daily Updates
The Daily Blog
Rate updates, program changes and market notes — posted daily by Warren Factor.
SOFR vs Prime Rate: What Borrowers Should Actually Watch
A borrower sees an adjustable rate move and naturally asks, "Did the Fed raise mortgage rates?" With SOFR vs prime rate, the benchmark matters because it determines how quickly your payment changes, how your lender calculates interest, and whether one loan structure is a better fit than another.
Read post10 Year Treasury Mortgage Rates: What Borrowers Should Actually Watch
A 10-year Treasury yield can move before breakfast, and by afternoon borrowers are asking whether mortgage rates are about to rise or fall. Watching 10 year treasury mortgage rates is smart, but the phrase can be misleading. The Treasury does not set your mortgage rate. It is a market signal, one of the clearest ones available, and it can help you decide when to lock, float, refinance, or get serious about comparing lenders.
Read postCan Foreign Buyers Get Mortgages?
A guide for international buyers on U.S. mortgage options, including foreign-national loans, conventional financing for visa holders, DSCR investment loans, and asset-based programs.
Read postHow Mortgage Brokers Get Lower Rates
Learn how mortgage brokers create lender competition, compare total loan costs beyond the rate, and match your file to the lender most likely to price it well.
Read postBank Statement Loans: A Complete Guide for Self-Employed Borrowers
A detailed guide to bank statement loans for self-employed borrowers, covering how lenders calculate qualifying income from deposits, who is a good fit, required documentation, rates, and common mistakes to avoid.
Read postBank Statement Loans: A Self-Employed Path to Mortgage Approval
Bank statement loans help self-employed buyers qualify using actual bank deposits instead of tax returns. Here is how they work, who they fit, and how to make your file stronger.
Read postCan Bank Statements Verify Income?
A clear look at how lenders use bank statements to qualify self-employed borrowers, what underwriters look for, and when a bank statement loan is the right move.
Read postMortgage Options Below 620 Credit Score
A practical guide to FHA, VA, conventional, and non-QM loans for borrowers with credit scores under 620, plus what lenders examine beyond the score and steps to take before applying.
Read postHotel Financing Loans
A practical guide to hotel financing loans, covering what they fund, how lenders underwrite both the property and the sponsor, the numbers that drive approval, and the hidden costs beyond the headline rate.
Read postForeign National Mortgages
A clear guide to foreign national mortgage financing for non-U.S. citizens buying Florida real estate, covering how the loans work, documentation requirements, down payments, reserves, and why lender shopping matters.
Read postCash Out Refinance: When It Makes Sense and When It Does Not
How to decide if a cash out refinance is the right way to tap home equity — and when a HELOC or home equity loan is smarter.
Read postAsset Based Mortgages: Qualifying on Assets, Not Just Income
When a strong balance sheet does not translate into qualifying income on a tax return, an asset-based or asset-depletion mortgage can bridge the gap for retirees, business owners, and high-net-worth buyers.
Read postSelf Employed Mortgage Preapproval: How Lenders Really Calculate Your Income
Why tax write-offs shrink qualifying income, which documents to gather, and how bank-statement and DSCR programs can approve business owners banks turn down.
Read postVA Loan Eligibility Requirements: What You Actually Need to Qualify
A VA loan can put homeownership within reach with no down payment and no monthly mortgage insurance, but VA loan eligibility requirements go beyond a credit-score check. Here is what service members, veterans, and eligible spouses actually need to qualify.
Read postA Credit Score Is Only One Part of the Approval
A 580 credit score is often treated as the magic number for an FHA mortgage, but lender overlays, debt ratios, and the full file matter more than the number alone. Here is what actually determines FHA approval.
Read postHow Much Do You Really Need for a Down Payment?
First-time buyers can often purchase with 3% to 5% down — far less than the 20% myth suggests. Here is what actually determines your down payment, closing costs, and cash to close.
Read post