We are seeing a dramatic shift upward in mortgage rates, and as a result buyers who require jumbo loans to finance their new home purchases are seeing a reduction in the amount they can qualify for (and thus the purchase...
The Federal Open Market Committee's last meeting of the year begins Tuesday, and will conclude at 12:30 PM ET Wednesday. Be careful, as mortgage rates are susceptible to extreme volatility in terms of the direction the...
In Agency High Balance Loan areas, the use of a high loan to value HELOC is a great way to stretch your purchasing power and reduce your down payment. For example, in Arlington County VA the Agency (Fannie Mae/Freddie Mac)...
We are starting to see jumbo loan rates follow their conforming counterparts to all time lows. Currently we are consistently seeing sub 4% rates for a 30YR Fixed on a primary residence with excellent credit and good equity....
Illinois Veteran's can receive the $10,000 Welcome Home Heroes Grant, that can be combined with $0 down VA loans -currently at 3.25% - for an unbeatable way to purchase a new home. Launched to honor those who sacrifice...
We saw a second major lender open up sub 3% rates on their rates sheets this morning - specifically 2.75% on the 30YR and 2.25% on the 15YR. Disclaimer: these rates are costly to buy down to, but are now an option for the...
I am seeing more demand for low down payment jumbo loans, and I wanted to provide some food for thought and dispel the myth that you need a huge down payment for jumbo loans. We have a couple of different options available...
The 10YR Treasury Bond Yield is currently at 1.91%, which is down 5 ticks from Friday's close and down significantly from it's YTD peak of 2.40. Since the mortgage rates/bonds move pretty closely in lock step with...