Everything Finance
Weekly Mortgage Market Guide
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The Mortgage Market Guide is updated weekly & brought to you by Sean Maley of Guarantee Mortgage |
Current Rates
Current Trend Direction:Sideways within a longer-term downtrend
Risks favor: Carefully Floating Current Price of FNMA 3.5% Bond: $98.53, -22bp
“Mortgage Bonds are starting the day lower and giving up some of yesterday afternoon’s gains. Bond prices were boosted yesterday after the results to the 2-year Note auction showed strong demand.
At 1pm ET, the Treasury will sell 5-Year Notes and how those results fare could have an impact on Bond trading.
The S&P Case Shiller Home Price Index for the year ended October showed that prices for 20 metropolitan cities fell and was the sharpest year over year decline in a year.
I will start the day by floating, but be mindful that prices are already off their best levels heading into today’s 5-Year Note auction.”
HOMEPATH FIXED RATE 95% LTV 5.25% AT 1% POINT
CONFORMING FIXED RATE 4.75% AT 1% POINT
HIGH BALANCE CONFORMING 5.125% AT 1% POINT
FHA FIXED RATE 4.75% AT 1% POINT
FHA HIGH BALANCE FIXED RATE 5.00% AT 1% POINT
NON OWNER FIXED RATE 5.00% AT 1%POINT
JUMBO FIXED RATE 5.25% AT 1% POINT
JUMBO 5/1 ARM 4.00% AT 1% POINT
RATES QUOTED ARE FOR PURCHASE AND RATE/TERM REFINANCES. CASH OUT REFINANCES CAN BE AT A HIGHER COST.
~Weekly rate provided by the Madsen-Shaw Group
Preferred Lenders
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Hilda Hensley 4123 Solano Ave. |
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Cheris Hallman
Senior Loan Officer, Prospect Mortgage
NMLS #252000
Direct: (707) 333-4900
Fax: (877) 272-2092
3154 Jefferson Street
Napa, CA 94588
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Have you ever wondered what the steps are to getting qualified for a loan? Do you know what ARM is? The documents below will help you get a better understanding of the mortgage and loan process. If you would like more information or don’t see the answer to a question you may have, please contact us and we will assist you.
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The Loan Process |
| Getting Qualified for a Loan
New Rehab Loan Information (203k Loan Program) |
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The Importance of Credit Scores |
| Credit Scores – How Important Are They To You and Your Future?
Credit Screening - If you are thinking about applying for a loan soon be sure to read this helpful article. Ways to Improve Your Credit Score Tips on Handling Credit Issues In Home Foreclosures Frequently Asked Questions: FICO SCORES CreditLineIQ.com (A user friendly website to help you and your credit!) |
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Ready to Refinance? |
Terry Wunderlich • DRE# 00619968 •
Email: terry@napawunder.com
• Phone: 707.486.6388 Chris Wunderlich • DRE# 01787555 • Email: chris@napawunder.com • Phone: 707.529.0987
Offices in Napa, Sonoma, and Marin Counties
