Deb Vallow - Colonial 1st Mortgage

Let me help you find the best mortgage for your needs. Whether you are buying or refinancing, let me put our banks to work for you!

[03/16/20]   The Fed Rate is at 0%, mortgage rates must be lower, right?
Mortgage rates are not driven by the Fed. The Fed Funds Rate is a different animal than the mortgage rate. It applies to loans with a term of up to 1 day. That's a far cry from the average mortgage, and investors approach those loans with completely different sets of priorities. That's why we sometimes see longer and shorter term rates move in OPPOSITE directions (which accounts for the "inverted yield curve" phenomenon that made news in 2019 when 10yr Treasury yields were lower than all of the short-term rates under 2 years, including Fed Funds).
But even if long and short term rates always moved in the same direction, there's a more important reason that mortgage rates might not follow the Fed. The bonds that dictate mortgage rates trade thousands of times a day. Mortgage lenders themselves update their rates at least once a day. In contrast, the Fed only meets to consider changing its rate 8 times a year, barring emergencies. This means mortgage rates can and do move well in advance of Fed rate changes. Indeed, the behavior of longer-term rates like mortgages can often predict the market conditions that prompt the Fed to make a move.
Why have mortgage rates not dropped as much as the 10 year Treasury? The answer is both simple and complex.

The simple reason are margins at mortgage companies. The fastest way to control production is with pricing. When loans are hard to find, lenders cut margins to increase production. With the phone ringing off the hook and many mortgage shops well above capacity, lenders are taking this opportunity to increase margins for a change. Few have the stomach to hire staff hoping for a prolonged refinance binge. As their pipelines swell watch for rates to rise.

The complex answer brings in investors of Mortgage-Backed Securities.

Volatility is both disruptive and expensive. When an investor purchases an MBS they have certain assumptions on how the loans will pay off. When rates go into a free fall and investors see loans refinance from pools that are only months old, they grow cautious. Worse yet is if the price of the MBS was above par, the investors takes a direct hit. Mortgage rates can only fall as far as investors are willing to purchase them.

Fear of the coronavirus sent buyers into safe assets. The US 10-year Treasury is considered the bellwether of safe assets and thus attracted more buyers than MBS’s. Throw in higher margins and worried investors and the reason rates have not fallen in line with the 10 year makes more sense.

WRVA

Did you catch Dan Dougherty of Colonial 1st Mortgage, Inc. on Giving Tuesday yesterday on WRVA? Help John Reid and Dan take the Polar Plunge to benefit Special Olympics!

Happy New Year!

Sharing this season together is the greatest gift of all. Merry Christmas!

Many things can positively impact your credit score. Here are a few ways to ensure your credit score is on the rise!
1. Consistently pay bills on time and in full.
2. Check your credit report regularly for accuracy.
3. Keep your account balances around or below 30% of your credit limit.

Call us today about our High Balance loan options!

We are here to help make the home buying or refinancing process easy for you! Call me today and let me show you how.

mortgagenewsletter.net

Mortgage Rates Drop as Bond Gains Accelerate

Want to know what is going on in the world of mortgage lending? Sign up for my newsletter at mortgagenewsletter.net/debvallow 🖋🏡💵

mortgagenewsletter.net Mortgage rates improved today, depending on the lender and the time of day! Underlying bond markets were only modestly stronger in the morning. As such, the average lender only offered modest improvements over yesterday's rates at first. But as the day progressed, market volatility favored bonds. On...

media.socialshare.center

media.socialshare.center

media.socialshare.center

[04/22/19]   It's a hot market out there, call me to get prequalified today!

media.socialshare.center

media.socialshare.center

Got questions? I've got answers! Call or message me today.

media.socialshare.center

image.socialshare.center

image.socialshare.center

image.socialshare.center

Thinking Mortgage? Think Deb Vallow

Oh, and if there are 5 pages, please give me 5 pages 😊

Lol, don't quit your job.

homepro.mortgage

www.homepro.mortgage

Yes we can!! Get prequalified and get the house!

homepro.mortgage

Deb Vallow - Colonial 1st Mortgage's cover photo

colonial1mtg.com

Colonial 1st Mortgage – Richmond, Virgina

Check out our new website, www.Colonial1mtg.com!

colonial1mtg.com Colonial 1st Mortgage is an Established Mortgage Company with Personal Service and National Lending Power.

[04/11/18]   Hey Everyone, Colonial 1st offers the ability to give a full lender certified credit approval on a To Be Determined Property! It will allow you and your Realtor to submit a much stronger contract. We can underwrite a file without a property address for every program Conventional, FHA, VA and USDA!
Here is what we need from you:
◦ Signed Loan Application
◦ Signed Borrower Authorization
◦ Credit Report
◦ Income and Asset docs
In this market, sellers want to know their buyer can close. Call me today to get the details!

Yep, I am pretty sure...

We are a broker for UWM, so please give me a call with any questions you have!

Help your borrowers get the big house without the big down payment. Jumbo 90% LTV with no M.I. is a great way to build your Jumbo business and generate valuable referrals.

Lol, because it happens all the time....

They're giving you $500,000, whats with the crayons?!

Mortgage Broker Memez

So, please check with us before you open any new credit so we can make sure to get you closed on time! 🤣🤔😃

Wititudes

Melissa Williams & Hope Parker, we need this!

That's right, all pages, all sides, even if they are intentionally blank!

It must be true because it was on the internet!

You see the commercials, but wouldn't you rather talk to a real person about a reverse mortgage instead of someone in a call center? Troy Vallow is our in-house specialist, call him today at 804.363.5003.

Be careful out there and stay warm tonight!

media1.tenor.co

media1.tenor.co

Wishing you a Happy, Healthy and Prosperous New Year!

media1.tenor.co

Merry Christmas Everyone!🎅🎄☃

Christmas Village ♥🎄🎅☃

media.socialshare.center

Blink

It is that easy, just click on the link on my page and apply safely and securely today!

Apply for a home loan on your time not ours.

I Love What I Do.

Whether you are purchasing a new home, refinancing your current home or looking to do a reverse mortgage, let me find the best mortgage for you. Because we are a broker, I can shop multiple lenders to get the best rate and terms for your mortgage. We in house process so I will be with you every step of the way and I am always available to answer any questions you may have along the way.

If you are buying a home, let me get you prequalified so that you can put in a solid offer on that house of your dreams. Refinancing, whatever the reason, I will be happy to run scenarios for you so that you can see what mortgage will be right for you.

Call me at 804.363.5279 or email me at [email protected] anytime. I look forward to working with you.

Want your business to be the top-listed Finance Company in Glen Allen?

Click here to claim your Sponsored Listing.

Videos (show all)

Thinking Mortgage?  Think Deb Vallow

Location

Telephone

Address


11551 Nuckols Road, Suite G
Glen Allen, VA
23059

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
Other Mortgage Brokers in Glen Allen (show all)
Jay Rose, C&F Mortgage NMLS # 1088927 Jay Rose, C&F Mortgage NMLS # 1088927
4480 Cox Rd, # 101
Glen Allen, 23060

At C&F Mortgage, we are here to answer all your mortgage questions and needs! Mortgage Loan Officer for C&F Mortgage Corporation, NMLS # 1088927

Rob Roland with Benchmark Mortgage Companies Rob Roland with Benchmark Mortgage Companies
4235 Innslake Drive, Suite 201
Glen Allen, 23060

We are a full-service mortgage lender with over 20 years of delivering outstanding customer service to our clients and community.

Jeb Biscoe, NMLS# 1440701, Sierra Pacific Mortgage Jeb Biscoe, NMLS# 1440701, Sierra Pacific Mortgage
4112 Innslake Drive, Suite B
Glen Allen, 23060

Richmond native, Mortgage Home loan consultant, I am dedicated to helping my clients find the perfect loan tailored to their unique financial needs.

Matt Sale - Envoy Mortgage Matt Sale - Envoy Mortgage
4198 Cox Road, Suite 113
Glen Allen, 23060

Matt Znacko, NMLS# 310581, Sierra Pacific Mortgage Matt Znacko, NMLS# 310581, Sierra Pacific Mortgage
4112 Innslake Drive
Glen Allen, 23060

Your local mortgage lender that will personally look out for you in every way possible. Let my 16+ years experience and knowledge work for you by cutting all the red tape associated with the big bank folks that you will never see.

Colonial 1st Mortgage, Inc. Colonial 1st Mortgage, Inc.
11551 Nuckols Rd, Ste G
Glen Allen, 23059

Buying a home or refinancing? Give us a call at 804.363.5279.

Mahood Fonville Realtor Mahood Fonville Realtor
420 N Ridge Road
Glen Allen, 23229

Vital Funding Vital Funding
4860 Cox Road, Suite 200
Glen Allen, 23060

Vital Funding is the experienced, professional financial service that GETS YOU CASH. Our service is fast and efficient. If you are the owner of an owner financed mortgage note(s) or have a settlement or annuity, we can pay you CASH for them.

New York Life RVA Careers New York Life RVA Careers
4400 Cox Rd, Ste 110
Glen Allen, 23060

Bring Your Career to Life by joining New York Life. We are looking for talented professionals with an entrepreneurial spirit, an outgoing personality, strong communication skills for our Richmond sales team.

Mona Neely, NMLS: 1469343 Mona Neely, NMLS: 1469343
4435 Waterfront Drive, Suite 301
Glen Allen, 23060

Southern Trust Mortgage - Innsbrook, VA Southern Trust Mortgage - Innsbrook, VA
4198 Cox Road, Suite 114
Glen Allen, 23060

Founded in 1998, Southern Trust Mortgage is a full-service mortgage lender offering diverse mortgage products designed to compliment any home financing needs. Our continued success is a direct result of our outstanding customer service, from our clients t

Mortgages With Mike Mortgages With Mike
4501 Cox Road
Glen Allen, 23060

The Mike Hall Team is passionate about helping all buyers find the right mortgage so they can find the home of their dreams. Our team has a passion for those who serve our community. As your Loan officer, Mike will help you close your loan on time.