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Target Rate – Market Update 22 Jan 2020

Mortgage Bonds continue to hover at multi-year highs while rates remain just above historic lows. A 30 year fixed loan is trending around 3.5%. With the new expanded loan limits this allows more people to take advantage of the lower rates.

Economic data is scarce this week so the markets will trade on fundamentals and earnings numbers. There isn’t likely to be much movement in rates.

Now is a great time to review your financial portfolio and see if your current payments are the best course of action.

For a confidential discussion about your scenario please contact Mitch HERE to set an appointment

Mitch Lichterman
Vice President-Broker
www.WallStreetFundingOfAmerica.com
Mitch@wallstreetfundingofamerica.com
310-478-4999 Direct
310-529-4944 Cell
310-893-6462 Fax
mitch.lichterman Skype

News

Target Rate – Market Update

Mortgage Bonds are flat to lower weighed down by rising stock prices as the Middle East tensions ease.

Freddie Mac reports that mortgage rates edged lower early in the week but have inched higher the past few days.

If you haven’t reviewed your current mortgage or financial situation in many months I encourage you to have a confidential discussion with me. Please click on link to schedule your brief conversation.

30 year confirming fixed are trending at 3.5% with zero points this week.

DID YOU KNOW: conforming limits increased in 2020. They increased from 484K to 510K. High balance increased to $765K.

To discuss your confidential scenario please contact Mitch HERE to set an appointment.

Mitch Lichterman
Vice President-Broker
www.WallStreetFundingOfAmerica.com
Mitch@wallstreetfundingofamerica.com
310-478-4999 Direct
310-529-4944 Cell
310-893-6462 Fax
mitch.lichterman Skype

News

New VA Guidelines for 2020. NO LOAN LIMITS ON VA LOANS!

In case you haven’t heard but VA loans closing in 2020 will now have NO LIMITS on Loan amounts! These changes are under the “Blue Water Navy Vietnam Veterans Act of 2019” which was signed into law in June and again will take effect January 1, 2020.

You still have to qualify for the VA loan (ratios/credit) but now a Veteran can buy a $1 million dollar home with NO down payment or even higher! Your veteran can have a down payment in order to qualify for a certain loan amount (meaning higher) .

Loan limits will still apply if a veteran has more than one active VA loan or has defaulted on a previous loan.

At TargetRate we’ve seen a rise in “bank statement” loans. What this means is that we are qualifying the borrower’s income based on their deposits into the bank account. It’s that simple. No tax returns, no profit and loss, and the lender doesn’t look at the expenses on the bank statements….just the income. Rates are very competitive too.

Rates are down and refinances are up. Anytime you can get a loan with rates this low it’s worth it. Whether you are consolidating debt, reducing your current loan or pulling money out for improvements, investment or college….now is the time.

To discuss your confidential scenario please contact Mitch HERE to set an appointment or email mitch@targetrate.com

Lender Partner
Mitch Lichterman – Loan Originator-TargetRate.com
Phone:310-478-4999
NMLS#:274609
DRE#:01952045

News

REFIANCE MANIA 2019

It’s time for REFIANCE MANIA 2019

You must know that rates have dropped and are at historic levels again. 30 year fixed rates are in the low 3’s.
Even stated income loans which returned last year are in the low 4’s.

Yes, it’s time for you to look at your financing situation and consider the options. Now is the time and if you’ve ever experienced a refinance boom you know that it won’t last.

As some of you know I am now the broker for Wall Street Funding of America and not only do we have incredible broker contracts with very low rates but we are also a direct lender for some very unique programs.

Please get in touch with me soon to discuss your loan needs.To discuss your confidential scenario please CLICK HERE to set an appointment or email mitch@targetrate.com

Lender Partner
Mitch Lichterman – Loan Originator-TargetRate.com
Phone:310-478-4999
NMLS#:274609
DRE#:01952045

News

HOLY RATES BATMAN – TARGET RATE

I haven’t sent a rate sheet update in several months. Then again, rates haven’t been this low in several years. Check this out Gotham.this out Gotham.

* Conforming rates up to **$484,350**
* 30 year fixed: **3.625%** with 0 points
* 15 year fixed: **3.25%** with 0 points
* High Balance rates up to **$726,525**
* 30 year fixed: **3.75%** with 0 points

We also have jumbo, VA, FHA and stated income loan programs. To discuss your confidential scenario please CLICK HERE to set an appointment or email mitch@targetrate.com

**Lender Partner**
Mitch Lichterman – Loan Originator-TargetRate.com
Phone:310-478-4999
NMLS#:274609
DRE#:01952045

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