Mortgage Market Update/Purchase and Refinance Mortgage info

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

Rates were swayed a little by the job report.

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Wicky]

What is the current 15 year refi rate?

Not sure about refi but, I just bought another house and locked in at 3.375...

 

[Tamalewagon]

Not sure about refi but, I just bought another house and locked in at 3.375...

Current rate for a conforming 15 year fixed is 3.125% at zero points.

 

[Wicky]

I got ripped off!!!!

 

[Tamalewagon]

I got ripped off!!!!

Not at all. Pricing changes daily and that was the rate/fee you locked in at that specific time. Still a very good rate. Where is the property Wicky?

Edit: the 3.125% rate is pricing from this morning. If I knew what day you locked, THEN I could go back and let you know you got ripped off.

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

Rates are going down today. :thumbup:

 

[Tamalewagon]

Good reading for those of you about to lock for purchase or refi...

http://www.mortgagenewsdaily.com/consumer_rates/416048.aspx

 

[Tamalewagon]

http://www.mortgagenewsdaily.com/con...es/416048.aspx

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

Rates continue to go down.

http://www.mortgagenewsdaily.com/con...es/416048.aspx

 

[t&y]

HELOC question for you... PM Sent.

 

[Tamalewagon]

HELOC question for you... PM Sent.

Replied.

 

[t&y]

Thank you Sir! Merry Christmas to you and your family.:thumbup:

 

[Tamalewagon]

Thank you Sir! Merry Christmas to you and your family.:thumbup:

Thank you Tom. The same to you and Yvonne. :thumbup:

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

Rates for conforming 30 year fixed rates are in low to mid 3% range today! FHA rates are in the low 3% range. Get 'em while they're hot! Call or email me for exact quotes for your scenario. We serve ALL of California.

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.mortgagenewsdaily.com/consumer_rates/424094.aspx

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

For those of you with FHA loans...

The current monthly FHA premiums will be reduced .5% as of January 26. If you are looking to streamline your FHA or use the FHA loan as a purchase, you stand to save hundreds of $$ per month. For example, if you have a $350000 loan amount your PMI monthly payment based on 96.5% loan to value would be $393. After Jan 26, your PMI payment would be $247 (with a streamline or on a new purchase). That is a significant monthly savings for a simple streamline or a purchase loan.

Food for thought...

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

Remember...all FHA monthly premiums will reduce by 1/2% with a streamline or purchase loan after Jan 26th! :thumbup:

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

Rates are LOW....in the low 3% range for conforming ($417K and below) and mid 3% range for conforming Jumbo.

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.mortgagenewsdaily.com/consumer_rates/428766.aspx

 

[Tamalewagon]

http://www.mortgagenewsdaily.com/01222015_fannie_mae_forecast.asp

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

For those of you currently in a FHA loan...you can save several hundred per month with a simple streamline to lower your MIP coverage by 1/2%. As we are a brokerage firm with many wholesale lenders to choose from, we offer some of the lowest rates and fees available on the market. Any of you boaters out there in a California FHA loan, give me a shout or shoot me an email to see if we can help you.



http://www.mortgagenewsdaily.com/02042015_application_volume.asp

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.mortgagenewsdaily.com/mortgage_rates/blog/433876.aspx

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

FYI...Rates have been increasing over the past 10 days steadily. We were at 3.5% at zero points for a conforming loan two weeks ago and we are now sitting at 3.75% at zero points. If you are on the fence about your financing, now is a good time to lock in for safety.

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/

 

[Tamalewagon]

http://www.wmrloans.com/mortgage-commentary/