mortgage: 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)
I was reading a few blogs last night and saw some from some “mortgage guys” and I saw a few different titles that intrigued me. If you’ve read any BLOGS on the difference between a LICENSED Mortgage Loan Originator and REGISTERED Mortgage Loan Originator than you know that anyone who is writing loans is a MORTGAE LOAN ORIGINATOR. There is no other official title or designation at a National or State level unless they’ve given it to themselves. The Loan Originator will have an MLO# or a NMLSR ID#. The extra R refers to someone who is "registered" … (2 comments)
mortgage: Doesn't the seller pay for ALL of our Closing Costs???
- 08/13/11 02:30 AM
We all have to remind buyers that they are responsible to pay the required down payment percentage (3.5% for FHA or 3-10% etc for Conventional) AND their closing costs/pre-paids too. Even if you stipulate that the sellers contribute towards “closing costs and pre-paids” in the purchase agreement it may not cover ALL of those fees. If you want a smooth purchase transaction make sure that you ask your favorite mortgage guy if there is a NEED to try to get all/most of the closing costs/pre-paids included with the offer. It could be the one little detail that causes the deal … (6 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. 
;)
;)
