Mortgage rates have been trickling higher since the Federal Reserve indicated that they’ll be starting the tapering of their purchase of mortgage-backed securities and long duration notes this month by $15B a month.
The chart showing the impact of the loan to value and credit score reflect higher rates when they correlate with lender risk. Rates always are based on loan program, loan to value (LTV) and credit scores. All the other elements like debt to income ratios, liquid financial reserves, type of property, etc are additional underwriting guidelines on if a loan will be approved,
Non-QM, or unique loan programs that are non-traditional in nature are available, but not reflected in the charts.
Rates are constantly changing and will change without notice. This blog is only reflecting general rate parameters at the time of the writing, and is for general information only.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me
Ron Henderson GRI, SRES, SFR, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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