April was a crazy month for mortgage rates. Rates were pretty volatile this month ranging from 5.5% at one time for a low, all the way up to 6.25% on the high side. A .75% swing in a month is no small change. The interesting part is with all that movement during the month the end […]
I think its crazy how long some companies are taking right now to underwrite loans. Hire more people! Do they not realize how many loans they are losing by advertising 30 day underwriting times? I don’t know how anyone convinces a borrower to hang around for 30 days while a file sits in line for […]
Don’t wait weeks for answers on loans and don’t rush around at the last minute trying to get to closing. If you are a Loan Officer or Real Estate Agent looking for a lender who can get your FHA Loans closed with out all the hassles. Look no further.
What makes R P Funding Special?
R P Funding […]
This question comes up a lot, of FHA Requires Collections to be paid off when you get an FHA Loan. The answer is no, FHA has no requirement for collections to be paid off. Just like FHA has no requirement for a minimum 580 credit score.
Even though FHA does not require collections to be paid […]
Don’t Pay Too Much To Buy In Sail Cove Condominiums!
If you buy a condo in Sail Cove without talking to Lee Utley first, it will cost you $1,000.
Sail Cove Condominiumsis a great place to live and own your own home. With a spring fed lake and upscale amenities Sail Cove is the perfect place for you, but you […]
Many real estate agents are realizing they need to understand FHA if they are going to make it in this market. This can be a great opportunity for Loan Officers who are knowledgeable in FHA to build new relationships by teaching them FHA. It has been years since FHA was the primary solution for home-buyers, […]
This is a little off topic for my mortgage blog, but I received a number of emails this evening with this imprinted at the bottom - “between 0000-00-00 and 9999-99-99 “
My first thought was that I had been violated by some new computer virus, but it appears it is a bug in a recent upgrade […]
We knew it was coming. Rates finally worsened after hanging out near historic lows for about a week. We have seen about a .375% increase in mortgage rates in the last 48 hours. Mortgage bonds are down about 80 basis points from yesterdays open which is driving rates UP.
Every time rates hit this low level we […]
Mortgage rates bounced around last week in a .25% range but there were no major changes. They just kept bouncing back and forth in that range. Hopefully we can keep some stability this week. We remain near the lowest levels of the past 5 years so there really isn’t too much room to get better. […]
The mortgage rate market was stalled most of the morning awaiting Ben Bernanke speaking this afternoon. We’ll wait to see what kind of effect Ben Bernanke the Fed Chairman has on interest rates. He speaks shortly at 1:00 pm eastern standard time.