Jim Ray Pacific Wholesale Mortgage

01/22/2024

Hello everyone I’m selling (4) Taylor swifts tickets (Caesar’s superdome New Orleans,LA )fri ,Oct 25.2024 at 7:00 pm I’ve got them available @ section these are excellent seats and great view to the stage ..anyone interested should send me a direct message , willing to sell them at discount prices .. thanks

12/24/2020

Stay safe, stay healthy....

03/13/2020

Mortgage rates went up?

Yes, even though this has been crazy this week on Wall Street, mortgages rates came up from the lowest in a generation. We believe as long as the economic hiccup continues (COVID 19) that rates will ease and we may see those once in a generation rates.

Be safe and have a great weekend!

03/09/2020

The stock market is down, so are mortgage rates! This is a great time to lower your interest rate!

03/05/2020

Mortgage rates just hit a new low!
Take advantage now & save!

Jim Ray https://jim-ray.pacwm.com/
NMLS #1936072

03/04/2020

Independent mortgage brokers like us are the experts who specialize ONLY in mortgages and will work tirelessly to find the best loan for you. Call us today to get started!

NMLS 1936072

03/04/2020

HERE'S WHAT THE FED'S SURPRISE INTEREST RATE CUT MEANS FOR MORTGAGE RATES

In recent weeks, mortgage rates have fallen to 3 year lows in response to the global concerns over the corona virus outbreak.

The Federal Reserve cut their benchmark interest rate today (3/3/20) but don't expect mortgage rates to go much lower. The Fed made a rare move (outside a scheduled meeting) to lower the federal funds rate 50 basis points (half point) to a range of 1% to 1.25%. The Fed noted that the move was in response to the evolving risk the COVID 19 outbreak poses to the economy.

While the economy remains stable, there are supply disruptions the Fed is trying to react to ensuring there is enough credit in the marketplace for business to seek other supply options.

As for mortgages, they respond to market forces and not the Fed. The Fed is actually following not leading when it comes to mortgage rates.

Mortgage rates roughly track the 10 Year Treasury note. While the 10 Year Treasury dipped to under 1% at a point during the trading day,, we are not forecasting mortgage rates much lower as lenders do not foresee bonds staying this low for long.

If you are thinking about a refinance, don"t expect lower mortgage rates as this is as low as they may go.

Remember, before you refinance ask yourself several questions.

1. How long will you stay in the home?

2. How much will you save?

3. Is my financial house in order?

4. Can I consolidate and save time and/or money?

More than 11 million homeowners stand to save an average $268 a month if they were to refinance at current rates according to data from Black Knight (real estate data firm)

Does it make sense for you?

Try the calculator on my website https://jim-ray.pacwm.com/

Have a great day!

Jim Ray NMLS 1936072

02/27/2020

As mortgage rates remain near 3 year lows, here are 5 questions to ask yourself before you refinance your mortgage.

1. How long will I stay in this home?

2. How much will I save?

3. Am I paying mortgage insurance?

4. is my financial house in order?

5. What is my overall objective?

Have a great day!!!

02/27/2020

02/27/2020

Wednesday minute...
Can I saw a bad four letter word - debt. For many Americans, debt is a part of your paycheck. Think of how many products are marketed to you focusing on a monthly payment. Ask someone how much a car costs, and they will tell you the monthly payment for X months. If you look at your debt, house, car, credit cards, student loans.... yes you know how much your total payments now, sorry. What I want you to do is look at how much INTEREST you are paying each month. You need to find a way to reduce your interest cost to enable more of your money to go to pay off the debt.

Take a few minutes and check

The Pacific Wholesale Mortgage team is your premier mortgage team located in Sacramento, California. We pride ourselves on offering some of the lowest rates nationwide and make the loan process simple, straightforward and fast for borrowers seeking a mortgage in the Sacramento area.