TODAY’S MORTGAGE RATES

Mortgage Interest Rates moved higher
on the week with the Mortgage Backed
Security (MBS) market Trading down
-27 bps.

Below are your average interest
rates across the country according
to Mortgage News Daily.

Markets were closed on Friday. Most
of the higher rate action happened
on Monday 4/21 when the markets
appeared Rattled by President
Trump’s rhetoric towards Fed Chair
Powell stating on social media
that Powell’s

“termination can not come fast enough”

Trump believes the FED should be
cutting rates faster. The stock markets,
bond markets, and U.S. Dollar index
were all sharply down.

Many analysts believe the drop in
US stocks and bonds are a result
of concern over the Fed’s independence
from politics.

The FED meets next on May 6^th – 7^th
and most experts believe the FED will
keep overnight banking rates at
their current levels.

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 email me at reggie@mygreenhomeloans.com
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 DOWN PAYMENT ASSISTANCE
GRANT PROGRAM

We have a great new Down Payment
Assistance Grant Program.

Down Payment Assistance Options
usually involve a 1^st Mortgage and a
2^nd Mortgage to Bridge the Gap
for the Down Payment.

A Grant has no 2^nd mortgage or
payback terms which makes it much
easier to refinance if rates drop, and
clients have less debt on their home.

This new Down Payment Assistance
loan is a 1 to 3.5% Grant that is
Combined with a Conventional or
FHA Mortgage. With the right plan
and seller concessions, clients
can get in a home for nothing.

Call me for more details.

 

Have a great week!