Before you see a realtor, do this…
Pre-approval!!! Unless you have cash, this is the strongest method you can put in your realtor’s hand to show you are ready willing and most importantly CAPABLE, of purchasing the home they are showing you. The first question you will receive from a realtor is, “Are you pre-approved (some will only ask for pre-qualification), and…
Read the full articleWoodland, Napa, Davis and Rest of California 30 Year Fixed News
The yield curve is probably not discussed in your everyday conversation…but in the mortgage industry…it is a big deal! In normal financial markets, the rate for a 5, 7, 10, 15, 20 and 25 fixed mortgages, should be lower than the 30 year fixed. However, the industry has seen a flattening of the yield curve…
Read the full articleWoodland, Davis, Napa and the rest of California Tip of the Day!!!
Unrest in financial markets (such as we are going through now with Amazon and Tariffs), usually means interest rates are kept in check because more U.S. Treasury bonds are purchased by large investors as a way to ride out the storm. That means right now is a good time to purchase or refinance. Call Mitchell…
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Unusual day for mortgage interest rates today…no change! It appears the possibility of a trade war has investors somewhat stymied on what to do next. Good time to take advantage of rates now. Give me a call and we will see if it makes sense for you!
Read the full articleLong term rates unaffected by recent Fed action
The Fed raised short term interest rates last week. FYI – to date, it has only helped long-term interest rates come down…albeit slightly. What it really affects are people who carry balances on their credit cards, Home Equity Lines of Credit and Adjustable Rate home loans. If you are on the fence for a fixed…
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Great news! Now every county in California can get financing up to $679,650.00 up to 80% loan to value. Call Michael Mitchell for more information!
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