RECENT BLOG POSTS
Love that #3 at McDonald"s Rates remain very attractive today with the 30 Year fixed down another eight to 5.75%. Even 40 year conventional money is looking attractive at this point with par being 6.375%. I don't recommend a 40 year term in general, however, in some scenarios the term will work. ...
Not much on the breakfast front, only an almond amaretto cappuccino from Quik Trip. Maybe a good salad for lunch. 15 and 30 year rates are still going down. 5.375% and 5.75% at Par respectively. 3/1,5/1 and 7/1 ARM Money is up slightly. Between 5.25% and 5.875%. Interest only loans are coming bac...
Decided to go with Waffle House today. Did you know that the House sells more t-bone steaks than any other restaurant on the planet. Rates are holding very strong today, 30 year money is at 5.875%. With 1 point in discount I can get your customer a 5.5% fixed rate for 30 years. 15 year convention...
I have got to start eating healthier, however I just love the egg mcmuffin from McDonald's and with a medium coffee it doesn't get any better. Let's start off with Jumbo Money. As a reminder FHA jumbo is determined by the county the property lies, conventional jumbo is any number above $417,000.0...
Just finishing up the number 3 meal at Mcdonald's. So here is where the money is at this morning. Conventional 30 year fixed is 5.75% at par with no adjustments Conventional 15 year fixed is 5.625% at par with no adjustments DO NOT QUOTE PAR, use par pricing only to entice Forget 20 and 40 year ...
6% purchase money is available through FHA. Scores as low as 580 through our main investor, lower scores can be closed but it wil take a little longer. They cannot be delinquent on their current mortgage. Rate is higher if they are deliquent more than one payment, up to three payments
It's another great day in the mortgage biz. Read last night that the dooms day writer's are ready to pounce on FHA. In essence they are saying too much FHA is a bad thing or too many edgy loans are being underwritten by FHA. Which means down the road, FHA could fall into the same trap as every ot...