Mortgage News

  • Market updates – October 10, 2019

    It is a misconception that Federal Reserves has a large effect on the mortgage market. The fact is that mortgage rates have more correlation with the bond market. It’s currently projected that the mortgage rates will stay low until 2020, possibly 202...

  • Fed lowered the rate. What now?

    Yet again, the Fed lowered another 0.25% rate yesterday which was anticipated by the market gurus. What does this do to the mortgage rates? According to Freddie Mac, the 30-year fixed rate mortgage is currently at 3.73%, up 17 basis points from last ...

  • Qualifying with Self-Employment Income

    Looking for mortgages as a self-employed worker is now many times easier. If you’ve tried to do so before, you’ll understand that it’s traditionally a long process with much more paperwork than if you were employed by someone else. Since while self-e...

  • Is this a good time to sell a house?

    Freddie Mac stated the 30-year mortgage rate averaged 3.75% the week ending July 25, 2019. Interest rates have been staying pretty flat this summer (3.82% as of June 6, 2019). The 15-year rate went from a June 3.28% rate to 3.18% last week. Many are ...

  • Market Updates May 3, 2019

    After falling to 14-month lows in the end of March, it’s only natural—and inevitable—that the rates would begin to rise again. In April, the 30-year fixed rates have grown yet again from the lowest of 4.06% to 4.2%. This week, 30-year fixed rates are...

  • Residential V.S. Commercial Loans

    There is often some confusion when it comes to choosing a Commercial or a Residential loan.  Even though they use the same mortgage system, there’s a completely different set of rules for each one. Residential loans are for one to four-unit homes, co...

  • Spectacular rates!!!

    The rates are at the lowest point in 14 months!! It is an ideal time to refinance your mortgage or buy a home which maybe out of your price range a month ago. This awesome news for home buyers looking for lower mortgage payments for their first mortg...

  • Housing issues in the spotlight

    The mortgage rates have been dropping since February which is a welcome sign for a lot of homeowners or those ready to buy.  Combined with new higher loan limits, the amount of mortgage applications have increased for the past few weeks. The housing ...

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