Interest Rates have been great, and still at historic lows, but over the past couple weeks we’ve been seeing a slow trickling up of the rates. Some of the increase in rates is because of the calming of geo political tensions. Russia has been behaving over the past week and there’s been less of a ... » Learn More about Mortgage Interest Rate Update September 10 2014
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Refi – Purchase Loans – Great Rates – Great Service
SEC to Allow QRM to Equal QM
The Security and Exchange Commission (SEC) has agreed to allow the standards for the Qualified Residential Mortgage (QRM) to equal the Qualified Mortgage (QM) criteria imposed by the Consumer Financial Protection Bureau (CFPB). By allowing QRMs to equal the QM standards, there will not be a ... » Learn More about SEC to Allow QRM to Equal QM
Mortgage Originations Lowest Since November 2008, Cash Purchases Up, Fewer Loans HARP Eligible
* Loan originations declined to the lowest point since Nov. 2008 (down 60% Y/Y) * Property sales remained relatively strong (total year 2013 was up 8.4% from 2012), supported by increased cash purchases (which accounted for more than 40% of Q4 sales) * HARP origination volume has declined ... » Learn More about Mortgage Originations Lowest Since November 2008, Cash Purchases Up, Fewer Loans HARP Eligible
Mortgage Guideline and Interest Rate Update February 4, 2014
Over the last few months we have had 2 $10,000 reductions of the QE or Quantative Easing by the Federal Reserve. From $85B a month in bond and mortgage backed securities purchases, to $65B. Janet Yellen has now taken the Chairman seat from Bernanke, and she’s expected to maintain the same ... » Learn More about Mortgage Guideline and Interest Rate Update February 4, 2014