by jimhaley | Jan 11, 2024 | Uncategorized
I wanted to share some fantastic news with you—interest rates for mortgages have recently decreased. Whether you’re considering buying a new home, refinancing your current mortgage, or simply exploring your options, now might be an excellent time to discuss how...
by jimhaley | Jan 11, 2024 | Uncategorized
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 the amount and term of the loan, as well as the length of the...
by jimhaley | Nov 29, 2023 | Uncategorized
$766,550 is The New Conforming Loan Limit For 2024 By: Matthew Graham If you’re just here for the conforming loan limit news, $766,550 is the number for 2024. Does this mean no one can get a mortgage for more than $766,550? No. The conforming loan limit is...
by jimhaley | Jun 19, 2022 | Uncategorized
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 | Uncategorized
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 Treasuries Investors expect higher rates...
by jimhaley | Apr 28, 2022 | Uncategorized
Key Concepts APR attempts to factor in upfront costs to deliver a true “cost of financing” which is typically higher than the interest rate on your mortgage APR relies on human input and variables that can be manipulated to a certain extent. Thus, it’s an imperfect...
