Buying or refinancing? The mortgage rate frenzy is back

Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home — or refinance. This is the opposite of the steadily upward movement of rates that experts forecast for 2019. Average rates are around 3.82% nationally for 30-year-fixed mortgages, after peaking near 5% in November. When [...]

By |July 8th, 2019|Mortgage Approval Process, Mortgage Closing Process, Mortgage Payments, Mortgage Programs, Mortgage Rates|Comments Off on Buying or refinancing? The mortgage rate frenzy is back

Mortgage rates remain stable – Freddie

Mortgage rates have stabilized after consistent declines in late spring, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). This 30-year fixed-rate mortgage hovered around 3.8% for the third consecutive week. The 30-year FRM averaged 3.84% with an average 0.5 point, up from the previous week’s 3.82% and last year’s 4.57%. Meanwhile, the 15-year FRM [...]

By |June 27th, 2019|Uncategorized|Comments Off on Mortgage rates remain stable – Freddie

What does the 2019 Mecklenburg County 2019 Tax Assessment Re-evaluation Mean to You?

Mecklenburg County is mailing hundreds of thousands of updated property value notices to owners starting Wednesday, and people should be prepared to see a big jump in their assessments.  The county has completed its revaluation of about 371,500 parcels in Charlotte, the county and the surrounding towns. It’s the first revaluation since 2011, when thousands of [...]

By |February 4th, 2019|Mortgage Programs, Mortgage Rates, Taxes|Comments Off on What does the 2019 Mecklenburg County 2019 Tax Assessment Re-evaluation Mean to You?

Loan Limits Increase to $484,350

Given the rapid run-up in home prices over the last year, it's no surprise that loan limits will also be going up in 2019.  The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages eligible for acquisition or guarantee by the two government sponsored enterprises (GSEs) Freddie Mac and Fannie [...]

By |December 28th, 2018|Mortgage Programs, Mortgage Rates|Comments Off on Loan Limits Increase to $484,350

Brokers prepare to shake up mortgage lending – here’s why

Times are tough for mortgage lenders, as evidenced by the multiple layoffs seen across the mortgage industry. In fact, the nation's small and mid-size mortgage lenders are closing up shop at a record pace, according to this article in The Wall Street Journal. HousingWire Editor-in-Chief Jacob Gaffney explained that the takeaway on this one is [...]

By |December 21st, 2018|Mortgage Programs|Comments Off on Brokers prepare to shake up mortgage lending – here’s why

Builder Speculative Financing.

When it comes to custom builder construction loans, banks tend to shy away that type of financing due to the risk that may be involved. Leverage Lending Group offers a very aggressive builder speculative lending line of credit for a wide range of custom builders. To make this simple, the way this works is that [...]

By |December 14th, 2018|Mortgage Programs|Comments Off on Builder Speculative Financing.

3 Reasons to be optimistic of Non-QM Mortgages.

For years, fans of non-QM loans have been claiming that this year is the year the market will take off. It’s happening once again this year, and it’s difficult to separate the reality from the hype. I say that because the non-QM market remains anemic, which is unfortunate considering how many homeowners cannot obtain conventional [...]

By |December 8th, 2018|Mortgage Rates|Comments Off on 3 Reasons to be optimistic of Non-QM Mortgages.