Mortgage Rate Information

There are currently 2 blog entries related to this category.

What is The Mortgage Loan Process for Today?

Wednesday, September 28th, 2011 at 3:16pm. 293 Views, 0 Comments.

At our weekly Michael Saunders sales meeting we receive updates about the state of the mortgage industry from rates to qualifying issues dealing with today’s market. 

What is the Mortgage Loan Process for Today?

This week Bob Lambert of MSC Mortgage spoke and handed out this update about the mortgage loan process.  I thought it was excellent information for any potential buyers who will be in need of financing. 


The Mortgage Loan Process
by Bob Lambert of MSC Mortgage, a division of Wells Fargo. 
Bob is the author of   The Lending Letter .com

The loan process for borrowers in 2011 is often reported incorrectly, but there are certain items that have become standard in today’s lending market that simply were not required in the growth years of 2003-2007. …


What Happens to Your buying Power When the Interest Rates Rise?

Friday, April 9th, 2010 at 3:13pm. 740 Views, 0 Comments.

Where are the interest rates going to do in the future? 
  
A look into the crystal ball.........

Let me give you some insights as to what the real estate field is hearing.
Currently interest rates are hovering in the low 5% range.  

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In a recent article written by Michael Pollick of the Sarasota Herald-Tribune dated March 30, 2010,   Michael wrote,

” Signs are pointing to the end of the era of 5 percent mortgages, one that already has lasted longer than most thought it would.  It is clear that the combination play used by the government and Federal Reserve to stimulate the residential real estate market in 2009 and 2010 -- artificially cheap mortgage rates coupled with lucrative federal tax credits and easily available Federal Housing Administration loans -- is…