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Mortgage pricing is continuing to rise, don't gamble with your paycheck. Pre-lock your loans prior to submission with the fastest Wholesale lender in the country. Guaranteed turn times at 48 hrs in UW, 24 hrs on conditions, and 24 hrs to docs. Work with a lender that cares about your paycheck and...
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I thought I'd done it all right: Excellent credit (782), documented income, 70% LTV, watched rates waiting til just the right time, applied and locked a great rate at the end of October. I'd heard of the troubles in the industry, but this is my 5th mortgage/refi, I thought it wouldn't be...
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Tom Rates have actually edged up today and yesterday on economic news and concern over Korea. You did not specify type of loan or loan amount. Are you in escrow or just shopping at this point? Good Luck www.SDMortgagefinder.com
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Brian Based upon the information that you provided, you should not have any issues. Conforming Jumbo rates are currently in the low to mid 4's depending upon the points and closing costs that you are willing to pay. Call if you have any questions. Good Luck. Wayne
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Ryan We really don't have much on specifics about you(Credit scores, debt ratios, or cash in reserves) or the property that you own( Appraised value vs loan amount/ SFR vs Condo). Obviously, your loan to value is over 80% or you would not be having PMI. As far as PMI, I don't know why they are...
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Mortgage rates rallied yesterday morning but lost positive progress after the Treasury auctioned $13 billion 30 year bonds. Following the release of auction results, mortgage-backed security prices were led lower by weakness in the benchmark Treasury note market. This forced a few lenders to reprice...
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Alan is right. Not only are online and print advertisements old news but they are also typically the unicorn of loans (no one gets that deal). As of January 1st lenders are now required to provide good faith estimates that guarantee many of the fee's for the transaction and the rate (for a period...
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First of all the term “no points” does not exist. If you locked in yesterday on a conventional file that would pay between 3-4% yield spread premium depending on credit and loan to value. I would ask for the lock in agreement if it really is not points. P.S. I only lend in the great state...
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The type of positive economic headlines seen yesterday would normally lead to lower bond prices and higher mortgage rates, but that turned out to be far from the case. And though MBS initially moved lower, that trend soon reversed and we saw the best day of gains all month as the internal components...
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First time home buyers and cannot decide whether to lock or float! We were quoted based on 5% on our Good Faith Estimate and would really like to keep that rate but we are up .5% right now. The difference in price is about $104/mth. Massapequa, NY Sales Price $404,100 Loan Amount $396,763 Credits Scores...