Kabir Mahadeva's (kabirm) Blog

Once upon a time, we lived in a perfect world where everyone knew everyone and things went smoothly with the appraisal process.  Your loan officer (mortgage broker or mortgage banker) had a list of appraisers that she knew understood the market, and ordered appraisals directly.  In a perfect worl...

In the last several weeks, loan rates have changed between .125 and .5% in a matter of hours.  The mortgage bond market has never been so volatile before, and rarely has anyone been able to predict the moves with any certainty.  Now, more than ever, I advise my clients to lock. When advising a bo...