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Mortgage rates have fallen to a new all-time low on June 12, 2020. July could set the stage for such another drop, offering new all-time low rates. Stocks will be pressured to move lower as new coronavirus cases spike in several states and the expected forecast of weaker global growth. Plus...

5/20/2020 The Federal Housing Agency has announced that Fannie Mae and Freddie Mac borrowers in forbearance can apply for refinancing and new home purchase mortgage once their loans are current. It waives a previous mandatory wait of 12 months. That move allow faster access to record-low...

As the economy continues to act erratically, many lenders are forced to take their own actions to help sustain themselves. Lenders are making significant changes to FHA, VA and USDA loans. These changes could make home loans unavailable for mortgage borrowers who could have qualified just weeks...

Other lenders and investor has ways to figure out if you are in a forbearance agreement like ordering your mortgage payment history or by looking at your payoff demand or even looking at your credit report could give them indication of some type of forbearance on your mortgage.  Here is...

Mortgage forbearance continues to be widely misunderstood and dramatically misreported, leaving many borrowers frustrated when they find out that they can't just "pause" their mortgage. A forbearance is not a deferment - they ARE different. Although some borrowers will be able to get a true...

This mortgage payment deferment may cause a lot of issues for homeowners in the future with refinancing and new home purchases. I have already received new guidelines and policies today from many investors and lenders saying they will not approve loans, fund loans or buy loans in which the...

Great read from Barry Habib. Mortgage Crisis and Fed Unintended Consequences March 26, 2020 The Coronavirus Meltdown The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison.  The pressing...

Here is a great article about mortgage interest rates this week. Mortgage Rates Are Taking an Utter Beating (Relatively) http://www.mortgagenewsdaily.com/consumer_rates/938641.aspx

Here is a great article about mortgage interest rates this week. Mortgage Rates Are Taking an Utter Beating (Relatively) http://www.mortgagenewsdaily.com/consumer_rates/938641.aspx

Crazy time in the mortgage industry. Lenders and banks are swamped with applications and may have a hard time closing your loan before the lock expires. Some requiring 100 day locks, some no longer accepting new loans, etc. Day to day pricing is now more capacity related than tied to MBS prices...

Date: 2/29/2020 Mortgage rates have fallen to new lows as the carnage on Wall Street continues. Mortgage and refinance rates have plummeted in the past few weeks; a reaction to the effect of Wuhan coronavirus on worldwide markets. Concerns about the coronavirus caused a massive shift to less...

Below are examples of interest rates available today for primary SFR conventional loans. TRUE NO CLOSING COST LOAN OPTION                     PROGRAM        RATE        APR*        FEES Conventional 30 yr. Fixed      3.375%    3.375%    $0 (None) Conventional 15 yr. Fixed      2.875%    2.875% ...

Reports of a new virus originating in Wuhan, China is strangely affecting mortgage rates. This trend could gain momentum in February. As January came to a close, markets were watching the spread of the virus, with new cases being discovered in the U.S. and other countries. Mortgage rate...

The Fed isn?t going to cut rates to zero, or go negative, at its September 17-18, 2019 meeting. However, there is an 89% chance of a 0.25% cut, according to the CME Group FedWatch tool. That gets the most powerful financial body in the world, the Federal Reserve, closer to the zero-or-negative...

I would recommend waiting to see if rates drop after the next Fed meeting on Sept. 18th and go with option B if they are wanting to refinance. I don't ever recommend paying points upfront to save on the monthly payment.  What if the owner end up not keeping the home for as long as expected? ...

-Large banks do not specialize in mortgages. They do everything -You?ll likely be cross-sold a lot of other financial products -That means you could receive junk mail for credit cards, checking accounts, etc. -They?ll have higher interest rates because there?s more overhead -These companies need...

Here are some of the big banks/ lender current rates that you can check for yourself. You should not have to shop your loan with the bigger banks just for them to give you a better offer. They should offer you their best deal to begin with if they are not greedy.  My .02c Wells...

For 3.375% for new home purchase SFR will be no lender closing cost and $2,500.00 lender credit towards third party cost. Tony Nguyen  | NMLS#93776 Vision Quest Lending  | 2860 Michelle Drive, Suite 140, Irvine, CA 92606 Direct 714-464-8042  | 877-318-0992 x6502  | Fax 866-394-9352           ...

Under 80% CLTV and SFR primary/2nd home for 3.375% conventional loan with loan amount under $484,351.00 For condo/ townhomes rate would be 3.49% conventional loan with loan amount under $484,351.00 under 80% CLTV primary/2nd home. Tony Nguyen  | NMLS#93776 Vision Quest Lending  | 2860 Michelle...

Rates did drop so today I can do 3.375% for 30 years Fixed with a true no closing cost loan for conventional loan program. We will also take care of the appraisal upfront for you. Tony Nguyen  | NMLS#93776 Vision Quest Lending  | 2860 Michelle Drive, Suite 140, Irvine, CA 92606 Direct...