John Lemos's (jplemos) Blog

Here's the scoop: mortgage rates are determined by mortgage bond prices.  Mortgage bonds trade in what's known as a "To Be Announced" (TBA) market.  When you commit to a rate lock, the lender is agreeing to deliver your mortgage to the bond investor within 30 days, 45 days, etc.  That's where rat...

Here is a general overview of some information that may be helpful to you and your CPA as you prepare your 2015 tax returns:Points Paid on a Home Purchase in 2015Closing Disclosure Page 2, Section A - If the origination charges on Page 2, Section A of the Closing Disclosure include points paid to...