All eligible VA members have access to VA-guaranteed loans. These loans are typically the best available option, even when including other types of mortgages. What does “VA guaranteed” really mean? […]
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Reverse mortgage issuer Brean prepares to raise $155.2 million in … Asset Securitization Report
New American Funding was founded in 2003 by a married couple as a small-scale call center that grew into a leading nationwide mortgage lender. It was the 15th-largest lender by volume in 2017, according to the Scotsman Guide, and has since outgrown its Orange County base to reach borrowers across nearly all states in the country (except […]
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They are ugly but expected parts of investing. Here’s what you need to know.
I typically refer to the 30-year fixed mortgage as a set-it-and-forget-it type of mortgage because itâs fixed for the entire duration of the loan. The mortgage rate in month one is the same as the rate in month 360. The mortgage payment never changes, though the total housing payment could vary thanks to things like… Read More »Is the 30-Year Fixed Mortgage Actually a Lot of Work?
The post Is the 30-Year Fixed Mortgage Actually a Lot of Work? appeared first on The Truth About Mortgage.
Well, itâs a new year, and with that comes new and exciting home loan programs to help borrowers purchase homes or refinance existing mortgages. The newest one comes courtesy of Guaranteed Rate, which launched its âGR Flex Powerâ mortgage that requires as little as 10% down on loan amounts as high as $3 million. Additionally,… Read More »Guaranteed Rate Launches New Jumbo Loan with Interest-Only Option
The post Guaranteed Rate Launches New Jumbo Loan with Interest-Only Option appeared first on The Truth About Mortgage.
Today Travis Oglesby joins me on the show to share some of his lessons learned after 18 months in business. He has some great nuggets to share for those looking to get started, or grow their businessâ¦.so donât miss out!
I want to retire early with 1 million dollars. That statement has a nice ring to it, huh? I don’t think I’ve worked with a client yet that didn’t want to retire early, or wouldn’t be ecstatic if they had a $1 million portfolio. But as most of us already know, $1 million isn’t what […]
The post GF¢043: [Case Study] Can You Retire Early with Only 1 Million Dollars? appeared first on Good Financial Cents®.
U.S. homebuilder sentiment increased in February by more than forecast, indicating an easing of mortgage rates over the past several months is helping support the housing market after a year-long rout. The National Association of Home Builders/Wells Fargo gauge rose 7 points, the biggest advance since mid-2020, to 42 this month, figures showed Wednesday. The … [Read more…]
The Fed generally wants annual inflation to be around 2% at the core level. “Core” is fancy market jargon for an economic metric that excludes some of its more volatile components. In the case of inflation data, “core” excludes food and energy prices. Today’s Consumer Price Index (CPI) came in a monthly core level of 0.4%. Granted, neither the Fed nor the financial market expects 0.4% to persist month in and month out, but some basic math tells us that a year’s worth of such inflation would result in a core reading of 4.8%. The Fed expects inflation to fall more in line with 3.5% by the end of this year before getting back into the 2% range next year. That’s the point at which they see themselves going easier on rates. But until that victory is much more clearly in sight, they will continue to raise overnight lending rates periodically and those rate hikes will continue exerting some upward pressure on longer-term rates like mortgages. If there’s a silver lining to Fed’s game plan it’s that financial markets can adjust mortgage rates immediately based on future expectations. In other words, all of the future rate hikes foreseen by traders were already priced in to yesterday’s mortgage rates. The problem is that markets now see more rate hikes after today’s CPI data. Or more specifically, they see the Fed holding on to the ceiling rate for longer than they did yesterday. All told, between the jobs report 2 weeks ago and today’s CPI, the market now sees the Fed keeping the Fed Funds Rate slightly over 5% through December 2023. Before these two pieces of data, December’s Fed meeting was expected to result in a rate closer to 4.5%.