Mortgage Interest Rates are Starting to Rise Again!!!

For the past week or so mortgage interest rates have been ridiculously low.  Similar to the stock market, interest rates rise and fall based upon numerous economic factors.  Today I received several “price adjustment” sheets from the lenders that I work with.  Price adjustment sheets are updated rate sheets setting for the programs and interest rates.  Whenever there is a change lenders will send these sheets to brokers to put them on notice of the price changes.  Last week and Click for More →

Interest Rates Are Dropping: If The Interest Rate On Your Home Loan Is Over 4% Call Me To Refinance Today!

Seriously!  I cannot believe how low interest rates have dropped in the last week.  I have been locking the interest rates on refinance and purchase loans at ridiculous rates.  Like all of you, I read that the Fed was going to try and raise interest rates by the end of the year so I am more than surprised that the interest rates are currently as low as they are.  For those of you that do not know, interest rates rise Click for More →

Fannie Mae & Freddie Mac to Offer 3% Down-Payment Program for First-Time Homebuyers

Yesterday, Fannie Mae and Freddie Mac announced a new program that will enable first-time home buyers to qualify for the purchase of a new home with as little as 3% down.  However, since Fannie Mae and Freddie Mac do not originate loans on their own, the availability of this 3% program will be determined by how many lenders agree to sign up to originate these loans.  Proponents claim that the availability of programs like this will incentivize millennials and those Click for More →

Refinance While Rates Are Still Low

Refinance Rates Are Low, Take Advantage of It Homeowners considering refinancing their homes need to take advantage of the historically low interest rates while they are still around. Since the housing market appears to be rebounding, interest rates will soon follow. For homeowner that owe more than their house is worth the Home Affordable Refinance Program (“HARP”) might be able to help. HARP is available for homeowners that have Freddie Mac or Fannie Mae as their investor. Homeowners can easily Click for More →