June 2018 Fed Funds Rate Hike & Home Loan Rates

On June 13, 2018, The Fed Funds Rate was increased to 1.75% to 2.0% and The Fed promised to raise it 2 more times this year (Sept and Dec).  If your clients are wondering how this impacts their home buying prospects the information below may be helpful. Fed Funds Rate VS Home Loan Rates The FED FUNDS RATE & HOME LOAN RATE connection is often misunderstood. In fact, many consumers hear “Feds hike rates” and assume mortgage rates are included. I put the chart below together showing the … [Read more...]

3 Simple Keys to the Lowest Home Loan Payment

With mortgage rates in flux, home-buyer's and homeowner's are looking for better options.  Specifically, the lowest possible monthly mortgage payment possible.  While feeling powerless in the face of a shifting home loan rate market home-buyer's and homeowner's should take comfort knowing they still have some control over their mortgage payment destiny. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 3 Keys to Lowering Your Mortgage Payment In fact, there are 3 well known … [Read more...]

Key to a Smooth Mortgage Closing

Complex home loan regulations cause mortgage underwriters to over analyze every detail on your home loan application.  As a result, your Arizona mortgage loan officer needs to also serve as your personal "pre-underwriter."  An excellent loan officer knows loan guidelines better than a mortgage underwriter.  A loan officer that does is a key in experiencing a smooth mortgage closing! Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Listen to Your Loan Officer That is it!  The first … [Read more...]

Inaccurate Bankruptcy Discharge Dates & VA Home Loans

Often, we receive urgent"I NEED HELP" calls from clients who receive bad news from their current lender.  The most common type of these calls involve a loan officer missing a tiny yet key detail that has led to some unfortunate circumstance for a buyer.   One such call involved a VA home loan and an inaccurate chapter 7 bankruptcy discharge date. Apply for a VA Home Loan Now Team@JeremyHouse.com 602.435.2149 Auto Underwriting Systems & VA Borrowers Credit VA home loan rules require VA … [Read more...]

Soybeans Push Mortgage Rates Lower?

Thanks to soybeans, air planes and cars – mortgage rates may drop.  Of course I am referring to China’s proposed $50 billion in US trade tariffs on aircraft, autos and Edamame. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Stocks, Bonds & Home Loan Interest Rates Why would this news make mortgage rates possibly drop?  We call it a “flight to quality”.   Here is how it works.  Consider the following truths: Investors can invest in Stocks or Bonds Stocks represent the … [Read more...]