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Welcome the show we got a special guest in studio we\'ve had a lot of mortgage talk around here lately so we brought in Jennifer Hernandez of legacy mutual mortgage and we\'re gonna talk about I\'m always like has and how to do a show like this do we do we talk in generalities and we get really specific but I think everybody likes the details right still you to version okay truths about mortgages yeah there yeah I like the 10 lives you\'re more. Yeah. You know that\'s kind of the tagline on my you tube channel on which and write whatever you put it where you have a new one that. Pops up so thanks no B. S. baby there you go what is the you tube what\'s your you tube channel name loan with Jan home which and that\'s right yeah and that\'s all my social media handles loan which channel man my website yeah. Having a good loan which and. So what is going on in the mortgage world we were chatting earlier before the show started that your world has got to be so insane right now it is what I\'m reading from the national news is that purchases and refinances in in just number of revised purchase are all time highs and the dollar dollar volumes at all time highs so it\'s got to be pretty crazy at the office with the sheer amount of work you guys are doing. Yes so just to give people some perspective the refinance market alone and this has happened since cove it so. We all need to acknowledge that have kind of it wasn\'t happening rates would be in the force like this is yeah so. It you know February in fact it was right around my birthday my birthday is in late February and that was when all the stuff was going down so I remember it clearly and in the matter of a couple of days the rates drop like a a percent like you know the threes and the number. $12000000000000 worth of refi is have potential to save money and like make sense to refi and there\'s only marketing capacity and bandwidth whether its liquidity or staff or whatever for 3000000000000 so that\'s a. That\'s where behind 9000000000000 well a lot of people ready to refinance right so maybe the numbers a little bit last but but the massive sheer numbers of like if you. Are lucky enough to get in there so I tell clients when they come in my K.. If you want a refi I\'m gonna give you the numbers and you have to scream super loud that you want me to pay attention to you because on a daily basis my purchases come first and I\'m swamped with that and on the refi is if you scream loud enough and text me enough times I will pay attention and you\'ll get locked but that\'s how that\'s how it is with every single lender like it\'s it\'s sheer insanity I\'ve never said I mean I\'ve never in 25 years seen anything like it if you\'re if you\'re the person that\'s trying to rate shop 6 mortgage companies and all that you\'re not gonna get a refi down there they don\'t have time to play the game and I\'ve had clients go oh Hey so and so is $500 cheaper and and fees I\'m like go for it kissed the carpet take it that\'s fantastic because you know it honestly like we\'re not gonna lower fees I mean we number one week we can\'t like it really takes every ounce the margins are already super low and if you\'re getting something lower somewhere else then go get it like this is fantastic do it so it\'s it\'s a it\'s a tough time it\'s a it\'s a it\'s a it\'s a tough time yeah yeah and you know I I already tough yeah right now it\'s great I mean it\'s it\'s been fantastic yeah so of the 12000000000000 possible mortgage business out there the industry can handle about 3000000000000 I read that for healthy mortgage market you only need about 4000000 purchases and refinances in an entire year it\'s not like. For more information visit mrtxre.com (Copyright Mr. Texas Real Estate)