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Author:
Draper & Kramer Mortgage Corp
About S. John
Over the past 33 years, mortgage originator John Murray has personally closed over 9,800 loans and is one of only a handful of originators in the country to have funded over $2 billion in personal loan production.
John has built a team of experienced mortgage professionals that is second to none in New England, and they have helped him to be named among the top 1 percent of all mortgage originators in America for each of the last eighteen years. John has been featured as an industry leader in Mortgage Market Guide, American Banker, Loan Toolbox, Mortgage Originator magazine, Originator Network News and Broker magazine. He is also a contributing faculty member on the advisory board for a mortgage automation and customer relationship management company.
From first-time homebuyers to seasoned real estate investors, John is proud to help everyone reach their home financing goals. His specialties include no-point, no-closing-cost mortgages and jumbo loans. John's No. 1 priority with every client is to provide a smooth and stress-free financing experience from start to finish.
John graduated from the University of Michigan with a Bachelor of Science in Economics. He and his wife, Laurie, live in Wenham, Massachusetts with their three children and spend winter weekends skiing with family at Black Mountain in Jackson, New Hampshire, where they have a second home.
Don't hesitate to contact John with any questions you have about purchasing or financing a home. He welcomes the opportunity to put his decades of mortgage experience to work for you.
Comments:
Weekly Newsletter brought to you by John Murray – Draper & Kramer Mortgage
The rise and fall seen in bond yields since April reflects the rise and fall in economic hopes as they relate to covid numbers. Mortgage rates, however, are setting record after record, and that’s translating to a sharp rise in mortgage activity.
It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low rates.
With record after record being set in close succession, the mortgage environment has been ridiculously good for most homeowners. For others, it’s just been ridiculous.
Record low rates make a lot of sense given the economic outlook. In general, economic weakness coincides with lower rates, and there’s been plenty of that to go around.
On the other hand, much of the economic weakness is assumed to be temporary. How much is anyone’s guess, but until we see where those chips fall, both sides of the market (stocks and bonds) are finding more buyers than sellers. That’s why stocks are still generally elevated and bond yields (which move lower as demand improves) are remaining low.
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7/11/2020