Archive for 'Mortgage Rates'

Mortgage Rates Plunge

It is certainly a small consolation but the stock market dive has also resulted in low mortgage rates not seen since November of last year. Call us for a pre-approval or refinance of your current mortgage and we will do all in our power to get your loan approved and funded while the rates are this low. On average, our turn time from application to funding is 20 days. Below ...

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Energy Efficient Mortgages….

Before we delve into Energy Efficient Mortgages (EEMs), I want to briefly highlight our service, competitive rates & fees. Due to strict new Loan Officer compensation and regulatory rules, many lenders suffered a 66% drop in profitability in the first quarter pushing them to drastically reduce staff and costs to remain profitable. We continue to follow our strong business model of keeping overhead costs extremely low and in turn passing those ...

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Mortgage Rates ↓ Stocks, & Housing

There are two things we tend to buy less of when the price goes down….do you know what?

Most of us like a bargain when we go shopping and feel much better buying things when they are 10%-20% off or “Buy one get one free or at half off.” But, there are two things that always buck this trend of buying when prices go down. What’s even crazier is that, with ...

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Another opportunity? Rates Decline again

This past week, interest rates declined dramatically to their lowest level since December 2010 as fears that the European debt crisis could get worse with the increased threat of default by Greece and Spain. Investors fled to safety and purchased US Treasury bonds which drove yields lower that ultimately caused mortgage rates to drop.

For those of you who may have missed the opportunity to refinance and/or purchase a home last year, ...

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Housing Market & Mortgage Rates

I recently attended a private presentation on the housing market by renowned Economist Dr Edward Leamer of the UCLA Anderson School of Management. His focus was on how the groundwork was established for the start of the decade long housing boom to the ultimate meltdown and the lessons learned. The “easy credit” and the market’s insatiable appetite for mortgage-backed securities fueled the boom that ultimately went bust. On the flip side, it is quite remarkable ...

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