by jimhaley | Jan 11, 2024 | All About Mortgages
Mortgage Rate Lock Should I execute a Mortgage Rate Lock? One of the most common questions I get asked is: “When am I able to lock a mortgage rate, what will it cost to do so?” It’s possible to lock in a mortgage rate; however, what it will cost really depends on...
by jimhaley | Nov 29, 2023 | All About Mortgages
Conforming Loan Limit For 2025 is $806,500 for most areas If you’re just here for the Conforming Loan limit news, $806,500 is the number for 2025. Does this mean no one can get a mortgage for more than $806,500? No. The Conforming Loan limit is the maximum...
by jimhaley | Jan 25, 2023 | All About Mortgages
Mortgage Closing Costs The Closing Costs for a vast majority of new mortgages have changed. In some cases, the changes are drastic, some for the better and some are worse. Here is a quick look at the changes. If you have any questions on how this will apply to you,...
by jimhaley | Jun 19, 2022 | All About Mortgages
When interest rates decreased at the beginning of the pandemic, the real estate market throughout most of the country heavily favored sellers. As interest rates decrease, more buyers enter the market to secure mortgage loans with low interest rates. Low interest...
by jimhaley | Apr 28, 2022 | All About Mortgages
How are Mortgage Rates Determined Key Concepts Mortgage rates are driven by investor demand Investors view mortgages as similar to bonds (lower risk, more stable return) Unpredictable consumer behavior makes mortgages more risky than “guaranteed” bonds like US...
