Fluctuations in mortgage rates can significantly impact the housing market. Recently, there has been a drop in rates, and this change brings both opportunities and challenges for buyers, sellers, and industry professionals alike. For potential homebuyers, a drop in mortgage…
Mortgage Rate Comparison: 9/9/2024 vs. 9/16/2024 Note: All loan quotes are for 30-year fixed terms, and there are 0 lender fees on all programs except for CHFA loans. Refinance Rates Conventional Refinance (Under 80% AMI, $400,000 Loan…
Mortgage Rate Comparison: 9/3/2024 vs. 9/9/2024 Note: All loan quotes are for 30-year fixed terms, and there are 0 lender fees on all programs except for CHFA loans. Refinance Rates Conventional Refinance (Under 80% AMI, $400,000 Loan Amount,…
Mortgage Rate Comparison: 8/26/2024 vs. 9/3/2024 Note: All loan quotes are for 30-year fixed terms, and there are 0 lender fees on all programs except for CHFA loans. FHA Purchase Loans ($400,000 Purchase Price, 3.5% Down, 660 Credit…
How to Calculate Your Income for a Mortgage: A Step-by-Step Guide Introduction When applying for a mortgage, accurately calculating your income is essential. This guide will help you navigate the process, starting with identifying your base pay type—whether…
Mortgage Rate Comparison: 8/19/2024 vs. 8/26/2024 Welcome to our latest mortgage rate comparison. We are analyzing the shifts in mortgage rates from 8/19/2024 to 8/26/2024. This comparison helps you understand the changes in APR and points across different loan types.…
When buying a home, it’s easy to focus solely on the purchase price, but there are several hidden costs that can catch you off guard. Understanding these additional expenses is crucial for proper budgeting and avoiding financial surprises. Here’s what…
Mortgage Rate Comparison: 8/12/2024 vs. 8/19/2024 Welcome to our weekly mortgage rate comparison. In this post, we’ll take a look at how mortgage rates have changed between the week of 8/12/2024 and the week of 8/19/2024. We’ll highlight…
Market Report Comparison: 8/5/2024 vs. 8/12/2024 Matthew Wentz Speak Straight Mortgage NMLS #1852397 Purchase Options FHA Loan Property Price: $400,000 Down Payment: 3.5% Credit Score: 660 Rates and APR: 8/5/2024: 5.25% | 6.04% APR | 1.189 Points | 0 Lender…
Ever wondered what’s really hiding behind the interest rate you’re quoted by lenders? 🤔 In this enlightening video, we’re peeling back the layers to reveal the true cost of your mortgage interest rate, giving you the tools you need to…
