Monthly Archives: January 2015

Rates Improve, New FHA MI Premiums official on 1/26/2015

Rates Improve, New FHA MI Premiums official on 1/26/2015 January 26th, 2015 Interest rates slightly improved last week and so far this week, with the Mortgage Backed Security (MBS) market trading higher – thus improving the cost to get each rate. 30 year fixed rates are now available at 3.5% paying 1 point (3.7% APR), […]

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Another Great Year in 2014 – $42,480,672 in Funded Volume

Another Great Year in 2014 – $42,480,672 in Funded Volume. Thanks to: My wife and family for supporting me My processor Jolyn for always going to bat for me and my clients All my managers, underwriters, and transaction coordinators who help my loans move forward, And most importantly all my clients for trusting me to […]

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INCREASED VOLATILITY IN INTEREST RATES , BIG ANNOUNCEMENT ON 1/22

Increased Volatility in Interest Rates , Big announcement on 1/22 January 21st, 2015 Interest rates have been very volatile with a flood of financial news hitting the markets. The Mortgage Backed Security Market (MBS that has a large effect on interest rates) closed last week + 24 bps – but was marked by large swings […]

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Rates Continue Rapid Drop , 30 Year Fixed to 3.5%

Rates Continue Rapid Drop , 30 Year Fixed to 3.5% January 14th, 2015 Interest rates continued their rapid decline with rate improvement 6 of the past 8 days. 30 Year Fixed rates are now at 3.5% paying 1 point and 3.625% paying 0 points. 15 year fixed rates are now at 2.875% paying .5 points […]

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Rates Improve for 7 Straight Days

Rates Improve for 7 Straight Days January 5th, 2015 Interest rates are on quite the hot streak lately – improving 7 days straight. The Mortgage Backed Security (MBS) market is currently trading up + 123 bps over that period time – pushing rates to their lowest levels in a long time. With rates going one […]

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