by admindan | Aug 27, 2024 | Loan Programs, Money Tip
Did you read the headlines? Good news, the Fed (Federal Reserve Bank) is talking about cutting interest rates, that is the Federal Funds Rate which banks use to borrow from the federal government. So, we expect to see the Fed Funds rate & mortgage rates drop .25%...
by admindan | May 7, 2024 | Uncategorized
Yes, the average 30-year fixed rate is really high!! The average homeowner stays in their first home less than 10 years, due to moving up to a bigger house, better school district or job relocation. Why not save a ton of money with a 10/1 ARM rate and payment?...
by admindan | Apr 2, 2024 | Uncategorized
Are you wondering if mortgage interest rates are going to come down? We’d all like to know, right? I believe it is highly likely. I have an ARM loan for 7 years. Per US News, 3/1/24 “Mortgage rates are expected to decline later this year as the U.S. economy weakens,...
by admindan | Feb 2, 2024 | Loan Programs, Money Tip
Are you looking for the LOWEST rate mortgage loan to purchase a home? Are you are a W2 employee? Want to save a LOT of MONEY? Solution: Great ARM options of 3/1, 5/1, 7/1 & 30 year fixed rate: 20%+ down payment, 740 FICO to $1 mil loan 3/1 ARM @ 4.875%, no points,...
by admindan | Dec 5, 2023 | Financial Information, Money Tip
Are you wondering about the direction of mortgage interest rates and how they will influence your future home purchase or current home loan? Borrowers are consistently asking about my expectations. I’ve been working in mortgage lending 35+ years. My career was built...