VIDEO UPDATE:

Rates Close to 3 Month Lows, New Down Payment Assistance Option,  Here is Your Weekly Mortgage Rate Update

TODAY’S MORTGAGE RATES

Mortgage Interest Rates continue to
improve with the Average 30 Year
Fixed Conventional Interest Rate
dropping below 6.75%.

The Mortgage Backed Security
(MBS) market traded up last
week + 37 bps.

Below are Mortgage News Daily’s
average interest rates across
the country.

The big news last week was
Friday’s PCE Inflation Numbers.
The headline inflation number went
from 2.6% to 2.5%. The core
inflation (taking out food and
energy) went from 2.9% to 2.6%.

The big news this week is Friday’s
BLS Jobs Report.

There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc. Please call me to go over
your specific scenario so we can
price your loan out accurately.

Or reply to this email with the answers
to the questions below for Mortgage
Options for your scenario.

REFINANCE QUOTE:

Goal of Refinance – Lower Payment, Cash Out, Debt Consolidation:
Address of Home:
Estimated Value of Home:
Current Loan Amount:
Current Rate:
What Type of Loan Are You in Currently – FHA, VA, Conventional:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

HOME PURCHASE QUOTE:

What City and State are You Looking to Purchase In:
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

Thank you!

NEW 5.7% RATE DOWN PAYMENT
ASSISTANCE PROGRAM FOR
MARICOPA COUNTY!

Home in 5 Platinum is officially
live and came out with a bang,
publishing a 5.7% 30 Year Fixed
Rate! This limited time Down
Payment Assistance Program
for Maricopa County typically
runs out of funds in a few months.
If you want to utilize Home in 5
Platinum, don’t wait or it will
be gone.

The Program is an FHA or VA First
Mortgage with 4% Down Payment
Assistance. The 4% Assistance is
a 0% 2^nd Mortgage that is completely
forgiven after 84 months.

Most people that qualify will need
to be a First Time Home Buyer
which is classified as not owning
a home in the last 3 years. Veterans
and clients purchasing in some
“targeted areas” do not have to be
First Time Home Buyers.

The below Census Tracts are Targeted
Areas where you do not have to be
a First Time Homebuyer. Census
Tracts are difficult to look up on
Home Search sites like Zillow or
Realtor.com so it’s best to consult
with a Realtor to see if you want to
buy in any of the below areas.

There are other details to the
program. If you would like to
discuss your or your client’s
situation to see if they are eligible,
please give me a call.

Have a great week!