Self-Employed Still Getting Denied Home Loans, Despite Easing Market
Entrepreneurs_Home_Mortgage_Woes Entrepreneurs are used to dealing with problems people with steady paychecks often don’t have to worry about ... t get a $500,000 loan for a home in San Francisco, despite having a stellar credit score of 800 ... . Here’s yet another one: getting a home loan. The mortgage-lending crisis that’s frozen so many [more...]
Date: 2008-12-02 14:00:28
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Friday’s Rates on Thursday
Huh? Since tomorrow is Independence Day, the bond markets will be closed…so I thought I would provide you with mortgage rates on today ... with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan ... . We also had the Jobs Report released today which reported a loss of 62,000 jobs [more...]
Date: 2008-07-03 18:00:27
Just Tricks…No Treats for Friday’s Rates
Mortgage rates continue to trend upwards like mummies crawling out of their graves. (Sorry…bad reach. Booooo). October has been terrible for rates! ... and FHA jumbo loans. We’ll end next week with the goulish Jobs Report. Most traders should ... credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount [more...]
Date: 2008-10-31 19:48:17
Friday’s Rates following the Rescue/Bail Out
There have been so many factors that typically influence the direction of mortgage rates over this past week, it’s amazing. Just this morning we had another dismal Jobs Report with a greater loss than expected ... credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount [more...]
Date: 2008-10-03 21:29:05
Rain City Friday Rate Update
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The conforming rate quote below is based on owner occupied with a mid-low credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000. This scenario [more...]
Date: 2008-12-12 21:18:32
Rates on a Rocky Ride
It’s been tough on mortgage backed securities this week ... properties). The conforming rate quote below is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000 [more...]
Date: 2008-07-18 16:12:47
Mortgage Rates following a Dismal Jobs Report
This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score [more...]
Date: 2008-11-07 16:48:53
Rain City Mortgage Rates
Just a reminder that next Thursday is Thanksgiving and banks will be closed. Our office will be closed until Monday, December 1, 2008 ... with a mid-low credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check [more...]
Date: 2008-11-21 22:37:18
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