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TODAY’S MORTGAGE RATES

Mortgage Rates moved slightly higher
over the past 7 days with the Mortgage
Backed Security Marketing Trading
down – 19 bps.

Here are your Average Mortgage
Rates across the country according
to Mortgage News Daily.

A 30 Year Fixed Conventional Rate at
6.32% – equates to a $620.28 Principal
and Interest Payment per $100,000 in
Loan Amount. If you would like me to put
together scenarios for your situation, feel
free to contact me or use my Free
Mortgage Calculator below:

Mortgage Calculator – Green Home Loans

Last week was a relatively slow
news week.

The big news this week is the FED
Meeting on Tuesday and Wednesday.
Most don’t expect the FED to move
the Federal Funds rate at this time.
This is also likely the last FED
meeting chaired by Jerome Powell.
Kevin Warsh will most likely be
confirmed soon and presiding over
the following FED meeting in June.

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 you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 

Beat The Banks

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NEW CREDIT SCORE MODELS
COULD HELP MORE BUYERS QUALIFY

On April 22^nd, FHFA announced that they
are allowing Fannie Mae, Freddie Mac
and HUD to use new credit scoring
models for consumers to qualify for
home loans. These more modern scoring
models will allow clients to potentially
get higher scores with the ability to use
housing rent, utility payments, etc. in the
credit score. This could help clients
qualify for a mortgage and/or get
better rate pricing.

For decades, clients have qualified for
a mortgage with a credit report using
the Classic Fico Model. FHFA is
opening up the ability to use other
credit scoring models like Vantage
4.0 FICO 10T.

Because this was just announced, it
will likely take time for lenders to
update their technology to use these
updated scoring models. We will
release more details on this as
information comes out on when
this could potentially go live.

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THE NATIONAL ASSOCIATION OF REALTORS
RELEASES 2026 BUYERS AND SELLERS
GENERATIONAL TREND SNAPSHOT

Today, 42% of homes are being purchased
by Baby Boomers born from 1946 to 1964.
26% by Millennials born from 1981 to 1996.
25% by Generation X born from 1965 to 1980.

First Time Home Buyers hit a record
low percentage of 21% of the Home
Buying Market in America.

Younger buyers are primarily moving to
purchase their first home, for a job, or
to be closer to family. Older buyers are
primarily moving due to retirement,
downsizing or to get closer to family.

I hope you have a fantastic week!