Learn about real estate finance from an expert in the field. The more you know, the more you will be able to help your clients. Join us on Tuesday, October 22nd at 11:30 at Old Republic Title for a free lunch and 1 hour of CE. I will be presenting a class on real estate...
Tag: Arizona
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WHY HIRE A MORTGAGE BROKER FOR A CRE LOAN?
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. This may be a fairly timely question, given that the Fed has just begun its new interest rate downward cycle. With the perceived...
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LIKE A KID AT CHRISTMAS
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. That’s the pulse of the market folks. Borrowers and lenders all huddled around their computers waiting for Santa Powell and the FOMC elves...
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MORTGAGE RATES DIPPED
MORTGAGE RATES DIPPED In our post last week, we showed you how the yield on the 10-year bond dipped under 4% and that is a leading indicator and mortgage rates may be coming down. Well, yesterday, Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed mortgage at 6.47%, the lowest it has been in...
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MORTGAGE RATES MAY BE COMING DOWN
One of the critical indicators for mortgage rates, the 10-Year Treasury Note, broke under 4% today. This is a support level, and may indicate rates are coming down. The Freddie Mac Primary Mortgage Market Survey showed the 30-year fixed mortgage rate at 6.73% today. Hopefully, this is a sign of further decreases to come. Seems...
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ONE FOMC MEETING AWAY
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. Markets are poised today awaiting the FED announcement tomorrow of interest rate policy for the next 6 weeks. A heavy abundance of FED watchers...
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MAKE SURE THE CONDO IS APPROVED UP FRONT
In order to obtain financing, the condo must be approved by the lender. Fannie Mae, Freddie Mac, FHA, and VA have condo approval lists. If the condo appears on the list, you can go ahead and make an offer. Contact us to see if your condo is on the list. If the condo does not...
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HOW TO GET A LOWER MORTGAGE PAYMENT
With higher mortgage rates, many people are sitting on the sidelines and choosing not to purchase a home as the payment is high. Here are some suggestions to get a lower payment. If the seller has a VA or FHA loan, you may be able to assume their mortgage, and their low interest rate. So,...
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WHAT’S NEW IN THE WORLD OF CRE LENDING?
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. For the answer, consider what’s in the recent headlines of industry tabloids, websites, BLOGs, social media platforms, etc. Fed Holds Fed Funds Rate at...
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JUNE 2024 INTEREST RATES AND VALUES UPDATE
Mortgage rates dipped a little in the last month, while home prices appear to be leveling. The Freddie Mac Primary Mortgage Market Survey shows a dip in the 30-year fixed mortgage rate to 6.87%, and the 15-year fixed rate to 6.13%. This survey is based on mortgage rates of purchase applications of conventional single-family conforming...