This BLOG On Low Mortgage Rates Pushing Home Values Higher Was PUBLISHED On June 30th, 2019 Home prices are at the highest value since the real estate and credit meltdown of 2008 Home values nationally are up 5.1% from the same period last year, 2018 Housing demand is overcoming the supply in housing nationally This coupled with…
This ARTICLE On How Stock Market Affects Mortgage Rates And Housing Markets Was PUBLISHED On February 27th, 2020 How Stock Market Affects Mortgage Rates And Housing Markets and should homebuyers panic? The Trump economy has been booming since President Trump took office The Dow Jones Industrial Average and all other market indices have been hitting…
This ARTICLE On The Benefits Of The Fed Rate Cut For The Housing Market And Borrowers Was PUBLISHED On August 1st, 2019 Benefits Of The Fed Rate Cut: Federal Reserve Board Chairman Jerome Powell announced on Wednesday, July 31st, 2019 the Feds will be cutting interest rates by 0.25 basis points. The news of the Fed…
Discount Points: How to Buy Down Your Mortgage Rate in 2024 Buying a home is one of the biggest financial decisions most of us will make. While locking in a good mortgage rate is a priority for most homebuyers, not everyone knows that you can lower your interest rate even more by using discount points….
This Article Is About How To Raise Credit Scores To Qualify For Mortgage How To Raise Credit Scores To Qualify For Mortgage? I get many inquiries everyday by home buyers who have decided to become homeowners and who were turned down by other lenders because they did not meet the minimum credit scores The question…
This blog will discuss how lenders price mortgage rates by credit score. We will compare mortgage rates for Maine homebuyers with bad credit and the difference between higher credit score borrowers with lower rates. Lenders base risk levels on the credit score of borrowers. We will compare the various loan programs’ best mortgage rate options…
In this blog, we will cover and discuss understanding how lenders price mortgage rates for borrowers with bad credit and low credit scores. Mortgage rates are the determinant that determines your monthly mortgage payment over the term of your mortgage loan. The higher the mortgage rates are, the higher the mortgage payment will be and…
In this guide, we will explain and cover what loan level pricing adjustments (LLPAs) by mortgage lenders are and how it works. LLPAs are pricing hits to par rates charged by lenders due to the risk levels of the borrower. The higher the risk, the higher the mortgage rates the lender will charge. Not all…