If you have been considering purchasing a home now is the time to do it.
In fact, on average for every 1% rise in rates your borrowing power will go down by about 10k per every 100k you borrow.
Mortgage rates got higher last week.
There are several financial reports out this week that will likely effect rates, starting with May’s Durable Goods Orders on Tuesday. This report tracks orders for big ticket items.
A decline in orders would actually be the best scenario for the bond market, which helps lower mortgage rates.
I’ll keep you posted on these reports…
So, if you are worried you might not be able to qualify for that special house – give me a call or shoot me an email. I’ll let you know if you would qualify today!
Brett
To see if you qualify for a mortgage right now – [ez_btn color=”red” url=”http://r20.rs6.net/tn.jsp?e=001ZsPIwUJX5myadWTNmLM40p3105ZmijvDiFaRrGk2pLk2d7djclcxFOoYDH4jnPL3eJxE31ln2mNnnAw0ngR6ZVSqyK469UA-NXaqmgNx4nv60si8YmjXb7hVgXOoXYQ1Vue1Rk486lymQk0v4CSfkA==”]CLICK HERE[/ez_btn] and fill out this simple application.
To sign up for my weekly mortgage quick tips – [ez_btn color=”red” url=”http://loansdonequickly.com/email-quick-tips-sign-up/”]CLICK HERE[/ez_btn].
Did you know we have a mortgage program that doesn’t require any income documentation when…
Did you know even if you have “challenged” credit you can still get a low…
If you receive money from the State or a County sponsored organization for providing foster…
I wanted to address the two most common questions that I get regarding reverse mortgages……
If you purchased a home using your own cash, and now would like to pull…
I wanted to let you know we have a 2% to 5% downpayment and closing…