Subscribe to Answers
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
New Fairfield, CT
Have not noticed anything that would be that creative.
I dont see a lot of varation.
Good Morning Olga
The rates are increasing day by day but system is running smoothly. The rates won't affect the mortgage industry.
I do not expect mortgage rates to be affected much.
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!
Good morning Olga. Even if the Fed hikes rates, it will have very little effect on mortgage rates, it's already built in.
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.
Olga, most likely rate hikes will occur in the next a few months.
They have inched upwards so I am suspecting that if they go up they will not move much.
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.
I'm not seeing anything out of the ordinary.
With the very low mortgage interest rates, there is little need to be creative. Smart mortgage borrowers are taking action now.
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%.