This morning, the best rate on a 30 year fixed conforming jumbo was 5.5% with no points!
There has been increased focus during the last few weeks on how comapnies and individuals get loans--from the availability of money to the increased standards applied to individuals who apply for all types of loans, including mortgages.
this study it finds that low interest rates were not a significant driver of prices
Will this bill improve the confidence of lenders?
There are many pleasant surprises in the news in the last day, all which should be good for the local real estate market and for current homeowners...
This article was written by Scott Asbell, a mortgage broker I know from Utah. It is a nice, clear perspective about some of the recent events in the mortgage industry. Enjoy!
What's going on in the world of mortgage financing? The media would have you think that the sky is falling, but let's review what is really happening and how it affects our lives and our future.
One Size Doesn't Fit All...
Interesting New Mortgage Product May Shave Years Off of Life of Loan