TODAY’S MORTGAGE RATES

Mortgage Rates improved about .05% on
the week with the Mortgage Backed
Security Marketing Trading up + 35 bps.
The 10-Year Treasury currently sits
at 4.45%.

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

A 30-Year Fixed Conventional Rate at
6.6% – equates to a $638.66 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 the PCE inflation numbers
came out and inflation rose from 3.5%
to 3.8%. This was in line with market
expectations and didn’t move interest
rates much.

This week’s big news will be the
May BLS Jobs Report. Job creation
that exceeds expectations usually moves
interest rates up. Job creation below
expectations usually moves interest
rates lower.

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! 

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VANTAGE CREDIT SCORES HELPING
MORE CLIENTS QUALIFY

In April, the Federal Housing Finance
Agency (FHFA) allowed the Vantage
Credit Score Model to be used to
qualify and fund customers with
Conventional and FHA Loans.

We initially thought the implementation
of using this model would take longer,
but it’s here now and it’s already
helping home buyers and homeowners.
Here’s how it works.

When we pull your credit – we can
pull both a Traditional FICO score
and a Vantage Credit score. Sometimes
these scores are vastly different – we’ve
seen variances of over 100 points. We
can then use the score that will qualify
you and/or get you the best rate pricing.

We’ve already helped multiple clients that
didn’t qualify with a Traditional FICO score,
get qualified with the Vantage score.

This is a big win for home buyers and
homeowners and Green Home Loans
will use the model that benefits you
the most!

I hope you have a fantastic week!!