Mortgage Update

Portfolio loans represent powerful financing options. Because they are held in house they do not need to conform to Fannie Mae, Freddie Mac, or government (HUD, USDA) criteria many common limitations do not apply. See below. /// Rates were up a bit this week. Rate summary below. /// FHA refinance...

July home sales fall. Why are we surprised? Let's agree that the market stats are not good. Let's also agree that people were attracted to the tax credit and bought by April 30th, few bought in May and June of course, July and August are always slow, and given that the NAR counts the close as a s...