Can Mortgage Interest Rates Get Any Lower?

by Hunt on August 17, 2010

I just don’t know if they can. Rates as low as 4% for a 30 year fixed loan are virtually unprecedented in our life time. If you are waiting for rates to go lower I just don’t think they are going to. I reveiwed the history of the ten year bond recently and over the last 60 years there has been only one other time the yeilds have been this low and that was during the economic freefall we experienced in 2008. If you look at the average values of real estate in 2006 coupled with the 2 percent higher interest rates and look at the demand then, one can only assume we are at the bottom looking up. Call me with questions or concerns. Happy to help all of Sonoma County home owners. “Hunt for your loan”.

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Stated Income loans up to 95%

by Hunt on August 17, 2010

Are you a Sonoma County home owner wishing you could take advantage of the low rates but think that you cant because your house has depreciated below 80% LTV or that your self emplyed income is too low. Well you are in luck. The gov’t has come out with a new loan program allowing owner occupied borrowers the abitly to do a rate and term Refi with a stated income and stated assets up to 95% loan to value with no mortgage insurance requirement. You will need to have a decent credit rating but this is just the answer for many home owners in Sonoma County. Single family Non owner occuppied loans are also availbe to 90% loant to value. Give me a call at 707-431-9715 or shoot me an email at hunt.conrad@prospectmtg.com.

I am an expereinced mortgage lender you can trust.

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Market Update

August 11, 2010

Yesterday the Fed announced they were keeping overnight rates untouched for an extended period and would be purchasing longer term bonds due to a slowing economic recovery. Bond markets continue yesterday’s rally after the Fed announcement, and reach historic levels this morning. The second auction of the week, a $24 billion offering of [...]

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Lenders reduce CLTV on subordinations For REFI’s

July 22, 2010

If you are thinking about or are in the process of refinacing your Sonoma County home and you need to ask the current holder of the second deed of trust for a Subrodination agreement, then be forewarned that as of June 31st, they will force you to lower your line amount to a 75% CLTV [...]

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Sellers can help Themselves

July 19, 2010

When Sonoma County Sellers consider various ways to sell their house, one thing that should be considered is the carrying back of paper in order to make the deal work. It may sound funny for a Mortgage lender to talk about seller carry backs but it is a really useful tool.
I am [...]

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Mortgage Rates at 50 Year Low

July 19, 2010

Mortgage rates have hit a 50 year low but there just aren’t many borrowers that can qualify. It appears that while rates are low, that folks have lost their impetus to buy real estate. May be everyone is on vacation. But in the mean time there are some fabulous deal out there. [...]

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Rates Are Awesome Today!

June 8, 2010

I know, I know…you have heard it before but really…This time they really are the lowest that they have ever been. I can’t think of a better time to buy or refinance. I am so sure they are at the bottom I even locked my own loan yesterday. 30 year conforming fixed [...]

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Rates Rise as Gov’t tries to sell more bonds

March 25, 2010

Spring has Sprung and shortly, there is going to be a buying demand of Sonoma County Real Estate like there is every spring. But two coinciudental things happened yesterday and today that are going to effect that.
It was reported in Money Matters that Santa Rosa Real Estate had the highest appreciation in the [...]

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Home Buyer Tax Credit Deadlines…Time is Running OUT!

March 19, 2010

April 31st marks the last day you can have a property in contract and still qualify for the first time home buyers tax credit of 8,000$. This great gov’t subsidized tax incentive is responsible for a great many of the transactions that have occured the last 6 months. Don’t wait. Get preapproved [...]

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How the Current Appraisal Process could effect your loan

March 3, 2010

The Real Estate Mortgage Apprasial process is really tough on everybody these days. The biggest problem is that as a Sonoma county lender I have seen as much as a 30% decline in some area values over the last 2 years. The perceived “mental equity” makes it tough on sellers to come to [...]

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When looking for the best refinance mortgage Sonoma county from the top loan lender santa rosa, the right place to get your santa rosa refinance home mortgage loans if you are a Sonoma County first time buyer for the lowest rate on a Sonoma County mortgage or when it is time to explore a Windsor refinance home mortgage loans, see Hunt Conrad. Call me now at 707-431-9715 or 707-328-1233