Has Housing Reached an Inflection Point?

The US housing market continues its recovery aided by low interest rates and low inventory, however, some suggest that housing has reached an inflection point, given that most homes in the US are at or above pre-bubble levels. A sharp increase in mortgage rates could have a significant impact on the market as buyer purchasing power drops when rates rise. Below are other signs that the market may be slowing:

  • Investors/speculators are stepping away from the market
  • As the Dollar continues to gain strength, the US housing market gets too expensive for foreign buyers
  • Incomes are failing to keep up with home prices

Should these predictions come true, now might be the time to get your “financial house” in order and lower your rate or possibly take the leap and purchase a home before the affordability index increases.
To compete in this market, we strongly recommend buyers get preapproved for a mortgage. We can provide a Pre-Approval letter quickly and at no cost to you. For those of you who may have missed the opportunity to refinance last year, this is still a good a time get your paperwork in order and lock in these rates as most experts don’t expect rates to stay low for long. We provide

  • Fast loan approval – 24 to 48 hours for purchases and under 72 hours for refinances
  • No application fees
  • Super low closing costs including no cost loans
  • No discount points

Mortgage Rates:

Mortgage rates seem to have “plateaued” so far in 2015, but remain at historic lows. The Federal Reserve is in unchartered Territory and could surprise everyone by increasing its benchmark rate higher than projected.

Current Conforming Rates
(Pmyts based on a average loan amount of $250,000)
Loan Program Monthly Pmyt Rate APR Points
30YF $1140 3.625% 3.875% 0
20YF $1122 3.50% 3.75% 0
10YF $2385 2.875% 3.00% 0
15YF $1726 3.00% 3.25% 0
5/1 ARM $1070 3.125% 3.375% 0
7/1 ARM $1088 3.25% 3.375% 0
FHA 30YF $1088 3.25% 3.50% 0
FHA 15YF $1741 3.125% 3.375% 0


Current High Balance Rates – Max Loan Amount $625,500
(Pmyts based on loan amounts of $625,500)
30YF $2982 3.99% 4.125% 0
15YF $4395 3.25% 3.50% 0
5/1 ARM $2679 3.125% 3.375% 0
7/1 ARM $2808 3.50% 3.75% 0
FHA 30YF $2808 3.50% 3.625% 0
Disclosure: These are our current conforming and High Balance rates based on primary residences only, your actual rate could be higher depending on several “Risk Factors” such as credit score, LTV, Cash-out, Investment prop, 2nd home, zero cost etc. Please call us for an accurate custom quote including jumbo loans up to $20 million.

The cornerstone of Trulending Mortgage is a fierce commitment to integrity, service and expertise and these core values have, thankfully, resulted in client relationships for life. We appreciate the opportunity to work with you on your next refinance or home purchase transaction. Visit our testimonial section to see what our customers are saying. Please pass this along if you think we can help any of your close friends or family.

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