The Joy of Lending

Home
United States
Costa Mesa, CA
The Joy of Lending

We specialize in all things VA home loan! Loan Service

The VA home loan is single-handily the best benefit available to our active duty and retired military personnel and family's.

09/19/2025

Recent Mortgage Rate Moves (Last Month)
• Around a month ago, 30-year fixed mortgage rates were about 6.62% (according to recent lender-surveys).
• As of mid-September, those rates have dropped to around 6.30%.
• That’s a decline of about 0.30-to-0.35 percentage points in roughly one month for the 30-year fixed rate.

⸻

🏛 What Happened After the Fed Meeting
• The Fed cut its benchmark (federal funds) rate by 25 basis points (0.25%) in its September meeting — the first cut of the year.
• Despite that rate cut, mortgage rates did not drop immediately by the same amount. In fact, mortgage rates initially rose slightly after the announcement — largely because longer-term interest rates (like the 10-year Treasury yield) went up, driven by market expectations about inflation, economic growth, or how quickly the Fed would move next.
• But then, in the weeks following, mortgage rates began trending downward again, pulled by falling Treasury yields and the broader expectations that monetary policy easing could continue.

07/24/2025

🚨 West Hawaii Realtors — You’re Invited! 🇺🇸
Join us this Monday at 11:30 AM at the West Hawaii Association of Realtors office for a power-packed VA Loan Masterclass!

We’ll break down everything you need to know about VA loans, how to better serve our veteran clients, and how to market VA buyers and sellers in today’s market — including a deep dive on assumable VA loans 👀

🍽️ Lunch will be provided, and trust us — you won’t want to miss this one!

👉 Tag a fellow agent who needs to be there!

06/18/2025

Half the Fed wants multiple rate cuts before end of year/ half want only one cut!!! Who will win 😂🤕🍿

02/01/2025

Was able to sponsor the weekly west hawaii real estate caravan and do a short presentation on rates and this years forecast 💪
We had a laughable amount of food and a great time 💥

12/18/2024

The VA home loan appraisal process is the only one with 2 additional built in methods to achieve value.
Tidewater and reconsideration of value. Sure you can dispute a low FHA or conventional appraisal, but the VA loan gives you a leg up out of the gate. Just another reason why the VA loan is the best product for eligible Veterans 99.9% of the time.

09/18/2024

Fed rate cut!!!! Let’s get this party started 🔥🔥🔥

09/14/2024

New loan limits out.
Loans under these amounts qualify for “conventional” loans meaning they are back by Fannie and Freddie. This allows for premium pricing and the best rates.
Loans above these amounts become “jumbo” loans with higher rates (usually half to full percent).
Every year this limits increase with inflation, appreciation and the cost of homes increasing.

This affects conventional and FHA loans.
VA loans have no loan limits 💪🔥

06/12/2024

The first “perfect” inflation number we’ve gotten since COVID shenanigans! This has the potential to move rates in a big way! If we can keep this trajectory lower rates are coming soon!
Lower rates = more competition
You’ve been warned!

06/07/2024

The VA loan appraisal is critical in obtaining a VA home loan. It is conducted by an independent, VA-appointed appraiser to determine the fair market value of a property and assess its condition. So what if an appraiser decides the property’s worth is below the selling price?

VA buyers can walk with no penalty and sellers CAN NOT keep the buyers deposit!

While buyers can opt to cancel the contract and get their deposit refunded, it’s important to know the options for remedying a low appraisal.

Steps to remedy low appraised value:
1. Give appraiser comps we believe should be used rather than the ones they provided
2. Reconsideration of value process with the VA regional loan center
3. Negotiation on price between seller and buyer if no resolution from steps 1&2

Buyers can also pay the sales price and appraised value difference in cash 💵

03/20/2024

New Fed Statement: (long story short they believe inflation will go down this year and they will still drop rates 3 times)

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.

In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

01/31/2024

Surprise surprise! Let’s stay optimistic about June and be grateful if it happens in March.
I personally think we start a serious move downward in June!
We shall see! 🚀

Address

3100 Airway Avenue #131
Costa Mesa, CA
92626

Website

http://thejoyoflending.com/

Alerts

Be the first to know and let us send you an email when The Joy of Lending posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to The Joy of Lending:

Shortcuts

Want your business to be the top-listed Finance Company in Costa Mesa?