Weekly Newsletter – 10-12-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – October 11, 2018

Weekly Mortgage Applications – 10-10-2018

  • 30 Year Mortgage Rate increased to 4.90% compared to 4.71% last week. The 30 year rock bottom rate touched in last 10 years is 3.39%

  • 15 Year Mortgage Rate increased to 4.29% compared to 4.15% last last week. The 15 year rock bottom rate touched in last 10 years is 2.70%

  • 5/1 Adjustable Rate Mortgage Rate increased to 4.07% compared to 4.01% last week. The 5 year rock bottom rate touched in last 10 years is 2.73%

  • Rates are still low. Purchase or Refinance before rates move up further

  • Mortgage applications decreased by 1.7% change for the week ended October 10, 2018

  • Mortgage apps generally move in the inverse direction of rates

  • Rate are still low. If already on a fixed  30 year rate, change to a 15 year fixed loan and cut your term!

  • Share your comments on our Facebook page!

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"If you want to be rich, simply serve more people"

– Robert Kiyosaki

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CONVENTIONAL LOAN PROGRAM

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"You can't put a limit on anything]. The more you dream, the farther you get."

– Michael Phelps

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HOUSING AND ECONOMIC DATA

Freddie Mac Housing Starts – Home Sales – House Price Appreciation – Home Price Index – Actual and Forecasts – July 2018

 

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  • Housing Starts actual is 1.32 MN in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 1.33 Mn going up to 1.35 Mn in last quarter of 2018. Forecast for 1st quarter of 2019 is 1.36 Mn going up to 1.43 Mn in last quarter of 2019

  • Total Home Sales Actual decreased to 6.16 Mn in 1st quarter 2018. Total Home sales for 2018 is at 6.15 Mn in 2nd quarter and up to 6.43 Mn in the last quarter of 2018. Total Home sales for 2019 is at 6.42 Mn in 1st quarter and up to 6.47 Mn in the last quarter of 2019

  • FMHPI house price appreciation actual is at 2.1% in 1st quarter of 2018. House price appreciation forecast for 2018 is at 1.6% in the 2nd quarter and 1.4% in the last quarter. House price appreciation forecast for 2019 is at 1.4% in the 1st quarter and 1.0% in the last quarter of 2019

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Freddie Mac 1-4 Family Mortgage Origination – Conventional – FHA and VA – Actual and Forecasts – July 2018

Freddie Mac Percentages – ARM – Refinancing Applications and Origination – Refinancing Debt – Actual Vs Forecast – July 2018

  • Mortgage origination Conventional loans actual for 4th quarter of 2017 is $370 Bn. Forecast for 1st quarter of 2018 is $284 Bn and will increase to $292 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $316 Bn and will decrease to $314 Bn in last quarter of 2019

  • Mortgage origination for FHA and VA decreased to $90 Bn in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is $111 Bn and last quarter of 2018 is $92 Bn. Forecast for 1st quarter of 2019 is $99 Bn and last quarter of 2018 is $95 Bn

  • Mortgage origination Total actual for 4th quarter of 2017 is $473 Bn. Forecast for 1st quarter of 2018 is $374 Bn and will increase to $384 Bn in last quarter of 2018. Forecast for 1st quarter of 2019 is $415 Bn and will taper to $409 Bn in last quarter of 2019

  • Share your comments on our Facebook page!

  • Refinancing Share Origination forecast for 1st quarter of 2017 is at 43% and will be 41% by the last quarter of 2017. Forecast for 2018 will be 40% in the 1st quarter and 23% in the last quarter. Forecast for 2019 will be 24% in the 1st quarter and 24% in the last quarter

  • Change in Residential Mortgage Debt is 2.0% in 1st quarter of 2018.Forecast for 2nd quarter of 2018 will be 4.6% and will increase to 4.9% in the last quarter. Forecast for 2019 will be 5.0% and will increase to 5.5% in the last quarter

  • Share your comments on our Facebook

  •  

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"When people are lame, they love to blame."

– Robert Kiyosaki

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FHA LOAN PROGRAM

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Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let's make it happen!

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VA LOAN PROGRAM

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JUMBO LOAN PROGRAM

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Second Opinion Doesn't Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

WEEKLY NEWS UPDATE!

The last time unemployment was this low, we were hit with a recession

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BlackRock Sees U.S. Economy Humming Along Well Into 2019

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California Today: The State Faces Some Big Problems. Are We Ready?

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SOME MORE NICHES

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No Loan Contingency

Present strong offers with pre underwritten approvals with no loan contingency. Final conditions include property appraising per contract and clear title.

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

 

    

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]




Weekly Mortgage Applications – 10-10-2018

October 10 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Application

 

  • Mortgage applications decreased by 1.7% change for the week ended October 10, 2018
  • Mortgage apps generally move in the inverse direction of rates
  • Rate are still low. If already on a fixed 30 year rate, change to a 15 year fixed loan and cut your term!
  • Share your comments on our Facebook page!

 

5 Quick Ways to Connect immediately

 

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Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




Weekly Mortgage Watch – October 11, 2018

October 11, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate increased to 4.90% compared to 4.71% last week. The 30 year rock bottom rate touched in last 10 years is 3.39%
  • 15 Year Mortgage Rate increased to 4.29% compared to 4.15% last last week. The 15 year rock bottom rate touched in last 10 years is 2.70%
  • 5/1 Adjustable Rate Mortgage Rate increased to 4.07% compared to 4.01% last week. The 5 year rock bottom rate touched in last 10 years is 2.73%
  • Rates are still low. Purchase or Refinance before rates move up further

 

5 Quick Ways to Connect immediately

 

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Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




US Homes Prices Report – July 2018

July 2018 US Homes Prices Report

  • US Home prices and % change for West Census Region
  • US Home Prices and % change for Midwest Census Region
  • US Home Prices and % change for North Census Region
  • US Home Prices and % change for South Census Region

 

  • Median Sales Price of Existing Homes in US decreased to $269,600 with a 1.5% decrease from month ago
  • Median Sales Price in West decreased to $392,700 with a 2.1% decrease in June 2018 compared to last month
  • Midwest median sales price decreased to $210,500 with a 2.5% decrease compared to last month and South is at $233,400 reflecting a 1.6% decrease from month ago
  • Northeast median sales price has increased to $309,700 reflecting a 1.0% increase from month ago

 

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US Homes Sales Report – July 2018

July 2018 US Homes Sales Report

  • Number of Homes Sold and % change for West Census Region
  • Number of Homes Sold and % change for Midwest Census Region
  • Number of Homes Sold and % change for North Census Region
  • Number of Homes Sold and % change for South Census Region

 

  • Number of units of existing home sales for month of July 2018 is at 5,340,000 and is at a 0.7% decrease compared to last month
  • West census region is at 1,190,000 number of units and is at a 4.4% increase for July 2018 compared to last month. Midwest region for July 2018 is at 1,250,000 number of units, a 1.6% decrease compared to last month
  • South region for July 2018 is at 2,240,000 number of units and is at a 0.4% decrease from month ago
  • Northeast region for July 2018 is at 70,000 number of units and is 6.7% lower than last month

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Economic Indicators – July 2018

July 2018 Economic Indicators

  • Dollars per Barrel and % change for Crude Oil Prices: Brent -Europe
  • Percent of GDP and % change for Federal Surplus or Deficit as Percent Gross Domestic Product
  • Total U.S Dollars per troy ounce and % change for Gold Fixing Price: London Bullion Market Based in US Dollars
  • Index March 1973=100 and % change for Major Currencies: Trade Weighted US Dollars Index
  • Millions of Dollars increase and % change for Mortgage backed Securities Held by the Federal Reserve: All maturities
  • Billions of chained 2009 dollars and % change for Real Gross Domestic Product
  • Percent of GDP and % change for Total Public Debt as Percentage of GDP
  • Millions of Units Sold and % change for Total Vehicles Sales
  • Average % and % change for  Leading Index for the US and California

 

  • Homeownership Rate for US is 63.9% in January 2017. US Leading Index is at 1.17% in July 2018 reflecting a 5.6% decrease compared to last year and California Leading Index is at 1.28% in July 2018 reflecting a 44.8 decrease from year ago
  • Major Currencies increased to 103.672 reflecting a 1.4% increase from year ago. Gold Fixing Price increased to 1,238.525 reflecting 0.2% increase from year ago. Crude Oil prices increased to 74.22 Dollars in July 2018 reflecting a 53.7% increase from year ago. Federal Deficit was at -3.41472% in July 2018 reflecting a 9.3% increase from year ago. Total Vehicles sales is 17.2 Million in July 2018 reflecting a 0.6% increase from year ago
  • Mortgage backed securities for all maturities is $1,742,845 Mn in May 2018 reflecting a 1.7% decrease from year ago
  • Real Gross Domestic Product increased 18,514.595 Bn reflecting 2.9% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 105.23224 reflecting 1.6% change from year ago

 

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Economic Indicators – June 2018

June 2018 Economic Indicators

  • Dollars per Barrel and % change for Crude Oil Prices: Brent -Europe
  • Percent of GDP and % change for Federal Surplus or Deficit as Percent Gross Domestic Product
  • Total U.S Dollars per troy ounce and % change for Gold Fixing Price: London Bullion Market Based in US Dollars
  • Index March 1973=100 and % change for Major Currencies: Trade Weighted US Dollars Index
  • Millions of Dollars increase and % change for Mortgage backed Securities Held by the Federal Reserve: All maturities
  • Billions of chained 2009 dollars and % change for Real Gross Domestic Product
  • Percent of GDP and % change for Total Public Debt as Percentage of GDP
  • Millions of Units Sold and % change for Total Vehicles Sales
  • Average % and % change for  Leading Index for the US and California

 

 

  • Homeownership Rate for US is 63.9% in January 2017. US Leading Index is at 1.42% in June 2018 reflecting a 1.4% decrease compared to last year and California Leading Index is at 0.64% in June 2018 reflecting a 73.4% decrease from year ago
  • Major Currencies decreased to 103.484 reflecting a 1.3% decrease from year ago. Gold Fixing Price increased to 1,281.567 reflecting 1.7% increase from year ago. Crude Oil prices increased to 74.59 Dollars in June 2018 reflecting a 59.1% increase from year ago. Federal Deficit was at -3.41472% in June 2018 reflecting a 9.3% increase from year ago. Total Vehicles sales is 17.7 Million in June 2018 reflecting a 2.9% increase from year ago
  • Mortgage backed securities for all maturities is $1,742,845 Mn in May 2018 reflecting a 1.7% decrease from year ago
  • Real Gross Domestic Product increased 18,507.200 Bn reflecting 2.8% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 105.23224 reflecting 1.6% change from year ago

 

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Bay Area County Homes Sales Report – July 2018

July 2018 Housing Statistics Bay Area Counties

  • Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold for Contra Costa County
  • Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold for Monterey County
  • Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold for San Benito/Santa Cruz County
  • Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold for Santa Clara County
  • Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold for San Mateo County
  • Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold for Alameda County
  • Countywise Average Days on Market, Average Sales Price, Average Selling/Listing Price % and Average Home Sold

 

  • Average Bay Area county selling price for counties analysed was $1,203,792 in July 2018. Santa Clara County led with the highest average selling price at $2,075,168, followed by San Mateo County at $1,907,123, Alameda county at $956,747, Contra Costa County at $806,600, Monterey County at $799,483, Santa Cruz County at $789,126 and San Benito County at $710,583
  • Total Average Days on Market in Bay Area counties analysed was 59 days. 108 for San Benito County County, 89 for Monterey, 57 for Contra Costa, 53 for Santa Cruz County, 52 for Santa Clara County, 48 for San Mateo County and 45 for Alameda County
  • Bay Area counties analyzed had Listings Sold of 4,956 in July 2018. Alameda County had the highest at 1,386, followed by Contra Costa County at 1,283, Santa Clara County at 1,277, San Mateo County at 496, Monterey County at 231, Santa Cruz County at 219 and San Benito County at 52
  • Sales Price to List price in July 2018 is at 102.68%. Alameda County is at 106.76%, San Mateo County at 105.73%, Santa Clara County at 104.06%, Contra Costa County at 101.43%, Santa Cruz at 99.58%, San Benito County at 99.4% and Monterey County at 97.39%

 

5 Quick Ways to Connect immediately

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Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan




Weekly Newsletter – 10-05-18

 
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Weekly News Update

WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS
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Weekly Mortgage Watch – October 04, 2018

Weekly Mortgage Applications – 10-03-2018

  • 30 Year Mortgage Rate decreased to 4.71% compared to 4.72% last week. The 30 year rock bottom rate touched in last 10 years is 3.36%

  • 15 Year Mortgage Rate decreased to 4.15% compared to 4.16% last last week. The 15 year rock bottom rate touched in last 10 years is 2.69%

  • 5/1 Adjustable Rate Mortgage Rate increased to 4.01% compared to 3.97% last week. The 5 year rock bottom rate touched in last 10 years is 2.72%

  • Rates are still low. Purchase or Refinance before rates move up further

  • Mortgage applications has 0% change for the week ended October 03, 2018

  • Mortgage apps generally move in the inverse direction of rates

  • Rate are still low. If already on a fixed  30 year rate, change to a 15 year fixed loan and cut your term!

  • Share your comments on our Facebook page!

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"Sometimes, there is no next time no timeouts no second chances. Sometimes, it is now or never."

– Anonymous

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CONVENTIONAL LOAN PROGRAM

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"When you can't control what's happening, challenge yourself to control the way you respond to what's happening. That's where your power is"

– Anonymous

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HOUSING AND ECONOMIC DATA

Economic Indicators – July 2018

 

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  • Homeownership Rate for US is 63.9% in January 2017. US Leading Index is at 1.17% in July 2018 reflecting a 5.6% decrease compared to last year and California Leading Index is at 1.28% in July 2018 reflecting a 44.8 decrease from year ago

  • Major Currencies increased to 103.672 reflecting a 1.4% increase from year ago. Gold Fixing Price increased to 1,238.525 reflecting 0.2% increase from year ago. Crude Oil prices increased to 74.22 Dollars in July 2018 reflecting a 53.7% increase from year ago. Federal Deficit was at  -3.41472% in July 2018 reflecting a 9.3% increase from year ago. Total Vehicles sales is 17.2 Million in July 2018 reflecting a 0.6% increase from year ago

  • Mortgage backed securities for all maturities is $1,742,845 Mn in May 2018 reflecting a 1.7% decrease from year ago

  • Real Gross Domestic Product increased 18,514.595 Bn reflecting 2.9% change from year ago. Federal Debt Total Public Debt as Percentage of GDP increased 105.23224 reflecting 1.6% change from year ago

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Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – July 2018

Freddie Mac Unemployment Rate – Consumer Prices – Real GDP – Actual and Forecasts – July 2018

  • 30 year Fixed Mortgage Actual Rate is 4.5% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 4.6% and will increase to 4.8% in 4th quarter of 2018. Forecast for 1st quarter of 2019 is 4.9% and will increase to 5.3% in 4th quarter of 2019

  • 10 year Const. Mat. Treas Actual Rate increased to 2.9% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 2.9% and will increase to 3.0% in last quarter of 2018. Forecast for 1st quarter of 2019 is 3.3% and will increase to 3.6% in last quarter of 2019

  • 5/1 year Hybrid Treasury Indexed ARM Actual Rate is 3.8% in 2nd quarter of 2018. Forecast for 3rd quarter of 2018 is 3.9% and will increase to 4.1% in last quarter of 2018. Forecast for 1st quarter of 2019 is 4.3% and will increase to 4.7% in last quarter of 2019

  • Share your comments on our Facebook page

  • Actual unemployment rate for 2nd quarter of 2018 is at 3.9%. Forecast unemployment rate for 3rd quarter of 2018 is 3.8% until last quarter of 2018. Forecast unemployment rate for 1st quarter of 2019 is 3.8% and continues until the last quarter of 2019

  • Actual CPI for 1st quarter of 2018 is at 3.5%. Forecast for 2nd quarter of 2018 is 2.0% and will increase to 2.4% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.2% and will increase to 2.5% in the last quarter of 2019

  • Actual Real GDP is at 2.0% in 1st quarter of 2018. Forecast for 2nd quarter of 2018 is 3.4% and will decrease to 2.6% in the last quarter of 2018. Forecast for 1st quarter of 2019 is 2.6% and will decrease to 2.3% in the last quarter of 2019

  • Share your comments on our Facebook page

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"Money is really just an idea."

– Robert Kiyosaki

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FHA LOAN PROGRAM

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Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let's make it happen!

img-500-286
img-134-31

VA LOAN PROGRAM

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JUMBO LOAN PROGRAM

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img-134-31

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img-400-300
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img-134-31

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Second Opinion Doesn't Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!

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SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

WEEKLY NEWS UPDATE!

The Fed Is Serious – It Wants Higher Inflation

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Fed’s Jerome Powell doesn’t expect low unemployment rate to cause inflation spike

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Weekly mortgage applications flatline, along with interest rates

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SOME MORE NICHES

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img-400-300
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img-134-31

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No Loan Contingency

Present strong offers with pre underwritten approvals with no loan contingency. Final conditions include property appraising per contract and clear title.

img-500-286
img-134-31
SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

 

    

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]




Weekly Mortgage Applications – 10-03-2018

October 03 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Application

 

  • Mortgage applications has 0% change for the week ended October 03, 2018
  • Mortgage apps generally move in the inverse direction of rates
  • Rate are still low. If already on a fixed 30 year rate, change to a 15 year fixed loan and cut your term!
  • Share your comments on our Facebook page!

5 Quick Ways to Connect immediately

 

Apply Now

Short Form : Complete a Short Form and receive a list of items needed to complete the processing of your loan