30 Year Fixed Rate Loan at a Cost of One Point: 5.125% * *The Above rate quote always has the following assumptions: 1. 20% down payment; 2. credit score above … [Read more...]
Factors Affecting A Borrower’s Rate; Will the Fed Push Rates Back Down?
June 12, 2009 By
30 Year Fixed Rate Loan a Cost of One Point: 5.25%* Keep in mind that the above daily rate quote is for the strongest of borrowers. Factors that could affect the … [Read more...]
Hard Money; Inflation Looms
June 10, 2009 By
30 Year Fixed Rate Loan at a Cost of One Point: 5.375%* As rates climb and qualifying becomes more difficult, Hard Money is always an alternative, especially … [Read more...]
Do Not Deposit Gift Funds – Gifting Parties Should Hang On to Their Funds
June 8, 2009 By
30 Year Fixed Rate Loan at a Cost of One Point: 4.875%* We held off on our commentary today because rates have been improving all morning. The bond auctions are … [Read more...]
Two Schools of Thought – Inflation School Winning; Other Lender Had Purchase Since February!
June 8, 2009 By
30 Year Fixed Rate Loan at a Cost of One Point: 5.25%* Right now there is a “tug of war” between two schools of thought. On the one hand, the economy remains … [Read more...]
FHA Can Be Better!
June 5, 2009 By
30 Year Fixed Rate Loan at a Cost of One Point: 5.25%* Rates continue to climb as the economy shows more signs of improvement, sparking inflation fears. FHA Financing … [Read more...]
Make Seller Credits for just “Closing Costs”, not “NRCCs”; Risk of Relying On a Single Lender
June 4, 2009 By
30 Year Fixed Rate Loan at a Cost of One Point: 5.0%* Most lenders now allow Seller Credits to cover both Non-Recurring and Recurring Closing Costs. Non-Recurring … [Read more...]
Huge Rate Variance Among Lenders
June 1, 2009 By
30 Year Fixed Rate Loan at a Cost of One Point: 5.125%* The market appears to believe a recovery is in the works, so money continues to leave Bonds (and mortgage … [Read more...]
