Welcome to The Mortgage Loaner!

Welcome to The Mortgage Loaner! Your one stop for updates on Mortgage Interest Rates and other important information for Real Estate Agents and other professionals alike.

I wanted to inform you of some changes coming soon from the Fed that may effect interest rates. Now is a good time to contact those borrowers that are on the fence about buying.

The Fed is currently purchasing mortgage back securities on a weekly basis. This has created artificially low interest rates to help spur this depressed housing market. The Fed announced that they are going to discontinue this program at the end of the 1st quarter this year. Rates will most likely return to what they were before the program existed (6.5% to 7%).

At the speed the government is printing money these days (The big bail out) we will be fighting inflation in the years to come. As we have seen in the past, the fed raises interest rates to fight off inflation.

This is simple courtesy that we provide as not everyone keeps a pulse on interest rates and we do not want anyone to miss this opportunity.

Our clients are taking advantage of these low rates and getting off of the fence, when it come to holding off on purchasing a home. We also have borrowers taking cash out to leverage an investment property.

Rates below are from today's rate sheet for first time home buyers(owner occupied).

30 Year Fixed 4.875%
15 Year Fixed 4.500%
7 Year ARM 4.375%
5 Year ARM 4.125%

We always provide a good faith estimate so that you know what kind of options to rate and fee are available. May your transactions be smooth and pipelines plenty full.


Adam