Latest Commentary
Reports from fellow mortgage professionals indicate higher rates this morning. The par 30 year conventional rate mortgage is in the 5.00% to 5.25% range for well qualified consumers. To secure a par rate you must have a FICO credit score of 740 or higher, a loan to value at 80% or less and pay all closing costs including an estimated one point loan...
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Everything I'm not about to cover has already been covered HERE . That being the case, the day gets a lot more boring and even a touch of positivity by the time it's done. You like shorter MBS Commentary sometimes right? Maybe even some recap bullet-points and a chart or two. Rates either held on to weaker levels following yesterday's news...
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as defined by Section 226.2 of Regulation Z. This is not an offer to
enter into an agreement regarding interest rates. The rates quoted do
not include discount points, origination points, or loan level risk
based price adjustments. Rates and terms are subject to change without
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