iloan: NEWS: RATES DROPPED!!! (sorry.. that was yesterday)
- 10/16/14 02:36 AM
Yesterday (October 15th, 2014) was a great day for mortgage interest rates… if you were able to catch a low rate and get it locked in between 9am and about 1:30pm CST.
Here’s a chart of the 30 yr 3.5% bond market yesterday.
Here’s how the same bond market opened up so far this morning:
Yesterday’s mid-day social media updates were about the closest you could have got to being on top of the rates instead of reading it in the headlines this morning.
Typically rates are in a “trending mode” either up … (24 comments)
iloan: FICO credit scoring… making a move in the right direction!!
- 08/15/14 05:18 AM
On Friday August 8th Fair Isaac Company announced that their updated FICO 9 scoring system will FINALLY be doing some good for consumers. This is the first change to their scoring system in about 6 years. The 2 specific areas that this will help out on are: Medical collection reporting Limited/Thin trade-line borrowers When it comes to medical billing I’ve noticed over the years that once a bill from a hospital hits 31 days old… its immediately sold to a collection company. Confusion about the amount covered by insurance companies related to medications / procedures sometimes means people do not … (25 comments)
iloan: Maximum FHA Loan amounts... going down!!
- 12/13/13 05:02 AM
Yeah… *sigh*. Another great move to help the housing market right? (please read that with my sarcastic tone) Announced late last week on Dec 6th in ML 13-43 HUD has elected to change the limit for FHA loans from $365,000 for single family homes in the Twin Cities market down to $318,550. It doesn't matter what FONT or what COLOR is used... it's still not pretty. The limits go into effect for FHA casefiles reserved on Jan 1st 2014.
WHAT DOES THAT MEAN TO ME?
If you’ve been looking at qualifying for a purchase and expecting to use … (2 comments)
A smarter Realtor/Loan Originator team can make a transaction effortless for a buyer and lead to future business from them, their family, friends, co-workers and neighbors.
Raving fans of your service will WANT to share their experience.
Yesterday (October 15th, 2014) was a great day for mortgage interest rates… if you were able to catch a low rate and get it locked in between 9am and about 1:30pm CST. 
;)
;)
