Rates Face Big Volatility Risk Next Week Mortgage rates enjoyed a pleasantly flat week despite some volatility in the underlying bond market. The day-to-day changes in Treasuries and Mortgage-Backed-Securities (MBS) were noticeable, but they all took place inside the range of values seen last Wednesday on Fed day. In other words, the bond market (which dictates rates) digested…Read more
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Fannie Mae and Freddie Mac each announced what appear to be essentially identical changes in their loan underwriting programs - Fannie calls its new offering "Day 1 Certainty" while Freddie was less poetic, referring simply to new capabilities added to its Loan Advisor Suite. Fannie Mae President and Chief Executive Officer, Tim Mayopoulos, described Day…Read more
Millennials, Hispanics and Boomerang Buyers Expected to Drive the Market According to a new mortgage industry survey called the Lenders One Mortgage Barometer, nearly two in three mortgage lending professionals (62 percent) expect mortgage purchase production to increase, with an overall average anticipated increase of 11 percent in 2016. Also, 87 percent believe the mortgage…Read more
BayWest is offering some amazing interest rates! All with no added lender fees such as processing, administrative, underwriting or document prep fees!! Only closing costs are that of third party charges (appraisal, escrow, title and recording fees). Compare with BayWest today: 541-412-2742.Read more
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