ARCHIVED BLOG POSTS
The FOMC left the federal funds rate unchanged as anticipated by the market. Ms Yellen also signaled she would raise the rate a .25 point as soon as the committee felt inflation was holding at 2% and there was improvement on the jobs front. She also indicated that there would be a significant tim...
Of course when you are talking about rates everyone has an opinion. Here is mine.I do not think the Fed will raise their rate in about an hour but I expect they may add a .25 point at the next meeting.What does that mean for locking mortgage rates?Short term (1 to 2 days) I expect rates to go up ...
We have been preparing for this for a while. If we have Pre-Approved borrowers I think we should still be able to honor 30 day closings.People I have spoken to seem most concerned that any changes will cause delays. If your lender is on top of their game you should not be concerned.The only fees ...
Are you worried about the impact of TRID on your business? I hope my blogs will relieve some of your anxiety. Note that the things people are most concerned about are highly unlikely.In 15 years I have never had either of #2 or #3 occur. In over 3500 transactions I have only had the APR change by...
Are you worried about the impact of TRID? Really the impact on the end of the loans will be minimal if the lender did their job upfront. The beginning can be a little tricky regarding when we can charge fees and order appraisals but I think this will encourage people to get Pre-Approved instead ...
Do you have self employed buyers that have really good CPAs? A client with good income that cannot qualify to purchase the home they want to live in? Well, I might have a solution for you. Skyline has loans available that use the cash flow through their bank accounts to document their income and ...