Tuesday, 14 July, 2020

Subscribe to Coester News:

Enter your email address:

Delivered by FeedBurner

Category: The Mortgage Reports


Salary is just one part of the mortgage equation Many home buyers want to frame their budget in terms of their income. It’s common to wonder how many times your salary you can borrow for a mortgage. But mortgage lenders don’t think that way. And that’s because income is only one small part of the mortgage equation. When all things Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates edged higher last Friday. But don’t panic yet. This time last week, this morning’s rate would have been an all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. The recent remarkable run Read more…


What does LTV mean? Your “loan to value ratio” (LTV) compares the size of your mortgage loan to the value of the home.  For example: If your home is worth $200,000, and you have a mortgage for $180,000, your loan to value ratio is 90% — because the loan makes up 90% of the total price. You can also think Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates inched lower by the smallest measurable amount yesterday. The drop may have been tiny, but it was enough to set a new all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. These Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates inched lower by the smallest measurable amount yesterday. The drop may have been tiny, but it was enough to set a new all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. These Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates inched lower by the smallest measurable amount yesterday. The drop may have been tiny, but it was enough to set a new all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. These Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates inched lower by the smallest measurable amount yesterday. The drop may have been tiny, but it was enough to set a new all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. These Read more…


It’s a good time to pull cash out from your investment property Home prices are up — way up. According to the Federal Housing Finance Agency, home values have increased by about $100,000 since 2012.  This makes it a great time for real estate investors to “cash out” the equity in their rental properties. The cash can be used to:   Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates held steady yesterday. So they remain at the new, all-time low set on Tuesday. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. Uncertainty continues to be the defining characteristic in markets and the Read more…


Mortgage loan officers connect borrowers to home loans When someone buys or refinances a home, there are a number of individuals who help guide them through the mortgage process. The mortgage loan originator (MLO) is a key part of that system. This person helps the home buyer or refinancer choose a loan, and understand all the rates and terms associated. Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates nudged lower yesterday. And that meant they set a new all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. It’s two weeks since these rates last rose. But don’t assume they won’t Read more…


Do you need a home construction loan? If you want to build a new home from scratch, you’re likely going to need a construction loan. This is a short-term loan that can be used to finance land, materials, labor — in short, all the costs associated with building a home. Construction loans come in a few different varieties. Some have Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates held steady for a third consecutive business day yesterday. So they remain at their all-time low. Today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). And other types of mortgages offer even lower rates. It’s hard to get a grip on what’s happening Read more…


The Chenoa Fund exists to help home buyers like you Are you excited about the thought of owning your own home, but short on funds? Down payment assistance can help. DPA programs provide grants or loans that can be applied toward your down payment and closing costs. One popular option is Chenoa Fund. The Chenoa Fund provides up to 3.5% Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates held steady last Thursday (markets were closed on Friday). So they remain at their all-time low. And today’s rate for a 30-year, fixed-rate, conventional loan is starting as low as 3.125% (3.125% APR). Other types of mortgages offer even lower rates. There currently seems to be only a limited connection Read more…