Five things you need to do first. Looking to purchase your very first home? Congratulations! It’s an exciting purchase and one that can provide a lot of benefits and advantages. So, what should you do to be a smart home buyer and be prepared for the largest purchase you’ll ever make? There’s plenty of advice […]
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Do you need an appraisal?
Maybe not. Whether you’re refinancing or purchasing a home, it may be possible to do so without an appraisal. The Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) have both announced a new property valuation option. Consumers who are buying homes or refinancing existing mortgage loans may be […]
Five Myths About VA Loans
Nonsense About VA Loans We hear a lot about VA Loans that just isn’t true- some of it from professionals, so we thought we’d dispel the top 5 MYTHS about VA financing… 1. MYTH: VA loans take a long time. TRUTH: VA loans do not take any longer to close than any other type of […]
Mortgage Rates Get Lower
30-Year Mortgage Rate Hits Another 2017 Low Provided courtesy of Freddie Mac From September 7, 2017 — The 10-year Treasury yield fell 9 basis points this week, reaching a new 2017-low for a second consecutive week. The 30-year mortgage rate followed, dropping 4 basis points to a year-to-date low of 3.78 percent. Visit Freddie Mac […]
Mortgage Rates Drop Again
Mortgage rates are continuing to hold at low levels Provided courtesy of Freddie Mac From August 17, 2017 — Following a mild decline last week, the 10-year Treasury yield rose 1 basis point this week. The 30-year mortgage rate similarly remained relatively flat, falling just 1 basis point to 3.89 percent. Mortgage rates are continuing to […]
Mortgage Rates Hold Steady
Markets are erring on the side of caution Provided courtesy of Freddie Mac From August 3, 2017 — The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate which rose 1 basis point to 3.93 percent. Despite a strong advance estimate for second quarter GDP, markets are erring on the […]
Mortgage Rates Rise
Mortgage rates soared to their highest levels since early May this week, but the rally may be short lived By Kathy Orton of the Washington Post According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average shot up to 4.03 percent with an average 0.5 point. (Points are fees paid to […]
