Mortgage Rate Sheet for 9.5.14
Economic news: The first Friday of the month we always get the previous month’s employment data. The Federal Reserve is putting a lot of weight on this data in their assessment of the overall economy. Think of it this way: if they don’t feel the employment numbers...
Is it true that you have to have the same job for 2 years in order to qualify for a loan?
NO! You can have a gap of up to 3 months with no problem in qualifying. You can also be straight out of school with your first paycheck on a permanent job and qualify. You can also be out of work for many years due to maternity leave, illness, etc.; as long as you are...
Mortgage Rates for 8.29.14
Here’s your weekend rate sheet and economic update. Cheers! Economic news: This week was fairly quiet ahead of the holiday, but generally the last week of the month is light in economic news. Therefore there is nothing to make the markets react. However, the...
True or False: You Can’t Lock in Unless You Have a Property…FALSE
FALSE! A bank told my client they can only lock in when they find a property. That may be true for the bank that doesn’t want to take the risk, but we PROTECT your buyer. So it’s FALSE. We have lock and shop rates where we can lock in up to 90 days. This is especially...