Olga Simoncelli, CONSULTANT, Real Estate Services & Risk Management (Veritas Prime, LLC dba Veritas Prime Real Estate)

Spam prevention
Rainer
414,356
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Up to 5 million one year after BK or foreclosure, rate is high but not hard money.

Some investors coming back with alt doc

Rates did jump before Janet Yellen spoke about 2 weeks ago

Nov 23, 2015 08:02 AM
Ambassador
6,356,500
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Have not noticed anything that would be that creative.

Feb 15, 2019 10:07 PM
Rainmaker
175,614
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

I dont see a lot of varation.

Nov 24, 2015 04:12 AM
Rainer
182,915
Harjeet Bhatti
FITH THIRD BANK - Chicago, IL
Home Mortgage Consultant 25 States

Good Morning Olga

 

The rates are increasing day by day but system is running smoothly. The rates won't  affect the mortgage industry. 

Nov 23, 2015 11:34 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not expect mortgage rates to be affected  much.

Nov 23, 2015 09:12 PM
Rainmaker
5,192,989
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The fear of a rate hike is way over the top. As long as interest rates are under 8 percent, I see no effect on the market. We can breathe easy for a long time to come!

Nov 23, 2015 08:18 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Olga. Even if the Fed hikes rates, it will have very little effect on mortgage rates, it's already built in.

Nov 23, 2015 06:12 PM
Rainmaker
2,759,787
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Tuesday morning Olga. I would  expect to see the rates go up in the next few months. If they don't, it would surprise me.

Nov 23, 2015 05:12 PM
Rainmaker
4,136,405
John Pusa
Glendale, CA

Olga, most likely rate hikes will occur in the next a few months.

Nov 23, 2015 12:16 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

They have inched upwards so I am suspecting that if they go up they will not move much.

Nov 23, 2015 11:28 AM
Rainer
94,105
Val Evans
Scottsdale, AZ

According to my sources, there will be no rate hikes until after the elections are over. They will keep coming up with excuse after excuse not to raise the rates, as they don't want to make Obama look bad in case the financial markets should crash.

Nov 23, 2015 10:31 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'm not seeing anything out of the ordinary. 

Nov 23, 2015 10:18 AM
Rainmaker
7,793,699
Roy Kelley
Retired - Gaithersburg, MD

With the very low mortgage interest rates, there is little need to be creative. Smart mortgage borrowers are taking action now.

Nov 23, 2015 09:26 AM
Rainmaker
1,237,495
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

No loan docs conventional mortgage.

50% down. Loan if 1/8th % higher than >20% down competitive convention up to Superjumbo(1.5M)

Default rate is 0.7% including delinquest mortgage during the Great Recession. Now is like close to 0%.

Nov 23, 2015 09:24 AM