Rates Are Hot!

by Irene Moustakas | May 18, 2010 | Business Promotion, Rates

Rates have been on fire. Here’s a snapshot, based on today’s rates (5.18.10) after an afternoon price improvement: CONFORMING LOAN AMOUNT (up to $417k in loan amount): Assumes: Single Family Residence, Owner-Occupied home, 20% or more equity, 740+ FICO, no...

Things to Consider If You’re Thinking of Refinancing

by Irene Moustakas | Mar 24, 2010 | Loan Programs and Products, Rates, Tips

I just got a phone call yesterday from a 45 year old single mom of three.  She heard that rates have gone down and she was excited about potentially refinancing.  She has had her current loan (a 15 Year Fixed) since 2003.  In 7 more years, her mortgage will be...

Interest Rates are at Near-Bottom Levels

by Irene Moustakas | Nov 20, 2009 | Industry News, Loan Programs and Products, Rates, Tips

I saw some unbelievable interest rates this week and they’re still going strong.  My experience is that they don’t last long, so if you can, I definitely recommend taking advantage. And remember, if you can’t refinance traditionally because you have...

Interest Rates Have Been Improving!

by Irene Moustakas | Sep 10, 2009 | Industry News, Rates, Tips

Interest rates have steadily improved in the past week and a half.  I haven’t seen a good run like this in quite a while and definitely not in 2009.  Usually, we have had wild fluctuations. I have a lot of clients that had a target rate and cost in mind and we...

Interest Rate Update: Comparing the 5/1 with the 30 Year Fixed

by Irene Moustakas | Jun 25, 2009 | Rates

The 5/1 is coming out swinging. The following is a comparison of today’s 5/1 and 30 Year Fixed. The rate quote assumes 80% Loan-to-Value ratio, single family home, 720+ FICO, no impounds. Quote is based on a 30-day lock, and yes, I can close in 30 days. (Please note...

Interest Rate and Market Update

by Irene Moustakas | May 28, 2009 | General Market News, Rates

The mortgage bond market got pummeled yesterday and we got multiple interest rate increases. From yesterday morning to this morning, interest rates went up by a full quarter percent (.25%), which is a significant day-over-day increase. From Thursday of last week, they...