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Mortgage Rates: Higher Highs, and Higher Lows

By Mark E. Ary The average for a 30-year, fixed-rate mortgage continues to move notably higher over the last several weeks. Most noted factors are inflationary fears, global supply chain woes, and how the pandemic will continue to affect the economy today, and moving forward. Florida – The 30-year fixed-rate mortgage (FRM) averaged over 3.05%,…

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NAR Research: Student Loan Debt Makes Home Buying Difficult

How much does student-loan debt impact buyers? A three-year NAR study calls for reform, noting that millennials are “drowning in student loan debt.” WASHINGTON – Experts from the housing and higher-education fields joined policy thought leaders from the National Association of Realtors® (NAR) last Wednesday to discuss the current student loan debt crisis and how…

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Mortgage Rates Surpass 3% Again – Hit a 6-Month High

By Kerry Smith Average mortgage rates continue to hover around 3%, but they’ve slowly ticked higher. This week, the 30-year, fixed-rate mortgage averaged 3.05%. MCLEAN, Va. – At 3.05%, this week’s average, 30-year mortgage rate rose to a level unseen in six months, according to Freddie Mac’s weekly survey. “The 30-year fixed-rate mortgage rose to…

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Jumbo Loans are Just Our Size

LET US GET YOU THE LARGE LOAN YOU NEED! Now offering JUMBO loans as big as $3 Million • Currently offering a Rate of 3.5% on a 30-Year fixed rate mortgage*• Interest rates better than banks and direct lenders• Loans from $548,250 to $3 million• Fast closings – typically 30 days or less• Options for…

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Government Update for VA IRRRL (refinance)

Effective immediately, VA issued VA Circular 26-21-11  announcing a Certificate of Eligibility is no longer required for Interest Rate Reduction Refinancing Loans (IRRRLs). This change can be applied to existing loans in the pipeline with application dates on or after July 15, 2021. Reference: AllRegs > Government Underwriting Guidelines > VA Underwriting Guidelines > VA…

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