Home Loan Rate Trends Mortgage Rates Fall Back After a year-long slide, mortgage rates hit a cycle low in September 2019 and have risen in six out of the last nine weeks due to modestly better economic data and trade related optimism. The improvement … Learn more Primary Mortgage Market Survey® by Freddie Mac Nov […]
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Reverse Mortgage Purchase Loans
You may already be familiar with a traditional reverse mortgage, but did you know that a reverse mortgage can also be used to buy a home? It’s called a Home Equity Conversion Mortgage (HECM) for purchase, and is sometimes referred to as a reverse mortgage purchase loan. What is a reverse mortgage purchase? An HECM […]
Mortgage Rates: Oct 24, 2019
Home Loan Rate Trends Mortgage Rates Rise The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield. Mortgage rates are following suit but are at near … Learn more Primary Mortgage Market Survey® by Freddie […]
Mortgage Rates: Oct 10, 2019
Home Loan Rate Trends Mortgage Rates Drop Despite the economic slowdown due to weakening manufacturing and corporate investment, the consumer side of the economy remains on solid ground. The fifty-year low in the unemployment rate combined with low mortgage rates has led to increased homebuyer … Learn more Primary Mortgage Market Survey® by Freddie Mac […]
Mortgage Rates: Sep 19, 2019
Home Loan Rate Trends Mortgage Rates Jump Despite the rise in mortgage rates, economic data improved this week — particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction. Homebuyers flocked to lenders with purchase applications … Learn more Primary Mortgage Market Survey® by Freddie Mac Sep 19, 2019 […]
What Not To Do Before Your Home Loan Closes
Sometimes the smartest people do the dumbest things. So, you’ve found the perfect home, and you’ve been pre-approved for your new mortgage. Your offer was accepted, the home inspection passed, and your loan officer locked you in at an awesome rate. You likely think it’s a done deal. Um, not quite. You won’t officially be […]
Paradise Area Now Eligible for USDA Loans
Governor certifies Paradise and adjacent communities to increase federal assistance eligibility. On July 11, 2019, California Governor Gavin Newsom certified the Town of Paradise and adjacent unincorporated Butte County as “rural areas,” making those communities eligible for loans, grants and technical assistance under rural development programs funded by the U.S. Department of Agriculture (USDA). The […]
Mortgage Rates: Aug 29, 2019
Home Loan Rate Trends Mortgage Rates Generally Hold Steady Mortgage rates inched up slightly this week, closing the month with the 30-year fixed-rate mortgage rate averaging 3.6 percent – almost a full percent lower from the same time last year. Low mortgage rates along with … Learn more Primary Mortgage Market Survey® by Freddie Mac […]
