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We want you to make an informed choice when selecting a lender. That's why we have our unprecedented upFront Price Promise.

It's our commitment to help you know where you stand from the beginning on your new home purchase or refinance. We want your experience of selecting and obtaining a mortgage to be as simple and hassle-free as possible - with no unpleasant surprises.

That's why we make the following promises to you:

You'll get an accurate rate and cost quote up front - and we will provide you with the following:

1) Quick decision on your loan
2) A written Good Faith Estimate
3) In writing Rate & Closing Costs

Upon receiving a credit approval, you can lock in your interest rate, discount points, and we will Guarantee the costs.

Because we are a direct lender, we handle the entire loan process from approval to closing. That means we can usually approve you within minutes without any middlemen.

While we have a web site, we are NOT an Internet Mortgage lender. You'll receive the personal attention of a dedicated, highly skilled, and experienced Senior Loan Officer who will serve you during the entire process and provide you with proactive automated loan status reports which are also easily accessible online 24/7.

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33 Wentworth Ave E - Saint Paul, MN 55118
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Joe Metzler, MLO - NMLS #274132
Cambria Mortgage. Best Mortgage Companies in Minnesota
33 Wentworth Ave E #290,  St Paul, MN 55118

Phone: 651-552-3681

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DID YOU KNOW?  The Mortgage Loan Estimate is NOT a Guaranteed Lists of Closing Costs!    Learn More



The Mortgage Loan Estimate (formerly known as a Good Faith Estimate) is NOT a 100% Guaranteed List of Closing Costs (although it is supposed to be accurate)

Good lender = Good Loan Estimate. Bad lender = Bad Loan Estimate

Unfortunately, many lenders - especially those you find on the Internet, PURPOSELY quote low initially to capture your attention with no intention of ever actually honoring their quote. We will NEVER do that to you - and we prove it with our WRITTEN GUARANTEE.

An initial estimate can change along the way. There are many reasons an initial estimate can change that are technically OK for a lender to change.  Realistically, there is no reason for a lender to not be close, other then the stupidity of a low level application clerk, or knowingly lowballing the estimate to win the business of unsuspecting clients.  Either way, these are not companies you want to do business with.

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So the Federal Reserve cut rates again. Many mortgage applicants will be calling their Loan Officer and expecting a lower interest rate, especially those currently in process with a loan. Others who have been waiting to refinance are puzzled as to why FIXED mortgage rates have not really moved lower. In fact, FIXED mortgage rates are now almost exactly where they were before the Fed began cutting rates. This is difficult to explain to many consumers who have watched a reduction by the Fed with no benefit in mortgage rates.

Is a Fed rate cut really good news for mortgage rates? The facts may be surprising. The Fed can only control the Discount Rate and the Fed Funds Rate. This is very different from mortgage rates. A mortgage rate can be in effect for 30-years, a rate that is set by the Fed can change from one day to another.

Another common mistake is in thinking that 30-year Treasury bonds or 10-year Treasury notes are directly pegged to mortgage rates.

Those are government securities that are backed by the full faith and credit of the U.S. government and have no direct effect on mortgage rates.

So what are mortgage rates based on? As it turns out the answer is mortgage-backed bonds known as Mortgage Backed Securities (MBS). Bonds issued by Fannie Mae and Freddie Mac (MBS) and the trading performance of those bonds will determine the direction of mortgage rates. Finding the catalyst that causes mortgage bonds to move will give you the keys to finding out what makes mortgage rates rise or fall.

Click to apply onlineWe know that inflation will always be a negative for any long-term bond because it eats away at the future returns. Since the bond will pay a set amount over a long period of time, that amount will be less valuable if inflation is high. Over the past several years, one catalyst that seems to be working in the opposite direction of MBS prices is the Nasdaq and broader stock market.

As bond prices rise, interest rates fall. As bond prices fall, interest rates rise. The consistency of this behavior is astounding.

As the Nasdaq moves higher, bond prices move lower causing interest rates to rise. As the Nasdaq declines, mortgage bonds benefit, causing mortgage rates to fall. Additionally, and unlike common opinion, Fed rate cuts have had virtually no direct effect on mortgage rates. Moreover, it appears that since Fed rate cuts act to stimulate the Nasdaq, they have a negative effect on mortgage rates.

The bottom line is that it appears mortgage rates will get better if the Nasdaq sells off and will get worse if the Nasdaq rallies. So it is not necessarily what the Fed does that affects mortgage rates, it's how the Nasdaq and broader stock market interprets the Fed's action that will ultimately influence the direction of mortgage rates. This is because money managers and mutual fund companies typically keep funds in either stocks or bonds with very little in cash. If stocks are in favor, money is pulled from bonds, causing bond prices to drop and interest rates to rise. When stocks are being sold off, the money is then parked into bonds, which improves bond prices and causes interest rates to decline.

A closer look at the 3 rate cuts by the Fed  in 2007 shows that mortgage bond prices deteriorated after each Fed rate cut. This means that mortgage rates rose after the Fed had cut rates while many consumers were expecting their mortgage rates to decline. Worse yet are the consumers who missed the opportunity to obtain a lower rate because they mistakenly waited for the anticipated Fed action to cut short-term rates, thinking that longer-term mortgage rates would decline as a result.

Predicting the future is tough, so nothing is written in stone. Keep an eye on the Nasdaq, and keep in mind that the best rates may be behind us. But, mortgage rates are still low and could have some quick dips so make the most of them while they last.

The bottom line? Make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who just quotes rates, but is not capable of advising you properly and troubleshooting the issues that may arise along the way. More than likely, this is one of the largest and most important financial transactions you will ever make. You might do this only four or five times in your entire life but we do this every single day. It's your home and your future. It's our profession and our passion. We're ready to work for your best interest. 

RATES ARE GREAT. Don't gamble on it moving any lower. Contact the best St Paul Mortgage Lender today!

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