target rate report

News

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

RATES REMAIN LOW

RATES REMAIN LOW

  • Despite gains in the bond market interest rates continue to remain low.
  • 30 year conforming (417K and below) remain lower than 4% with 0 points.
  • Jumbo 30 year fixed to 2MM have trended lower and are hovering around 4%.

 

STORIES FROM THE TRENCHES:

Kids wanted to take over the home that their Aunt owns.  We arranged a gift sale transaction where the kids did not have to come up with any down payment. The Aunt pledged the equity in the home as the gift down payment.

The kids were able to complete the purchase and gain home ownership.

For a confidential discussion with Mitch about  mortgage   rates, loan terms, closing costs, qualifying or property ownership please contact.

Phone:  310-478-4999
Email:mitch@targetrate.com
Skype: mitch.lichterman

News

RATE REPORT

RATE REPORT

Interest rates remain flat despite increase to bond yields.

Normally 30 year fixed rates are tied directly to the movement of the 10 year treasury bond.  But, over the last month rates have remained flat even though yields are increasing.

What does this mean?  Most likely it means that rates are being pushed down by other economic factors and it’s probably wise to lock in a rate now.  Rates are bound to rise.  The trend in the 10 year bond yield is a good indicator that interest rates will increase.

Today you can still find conforming rates below 4% with 0 points origination fee but that will likely change in the near future.

However, interest rates often drop during the last month of the year as market activity decreases.  We may see one more drop before rates start to increase into 2018.

To discuss your private scenario please email Mitch@TargetRate.com

For a confidential discussion with Mitch about  mortgage   rates, loan terms, closing
costs, qualifying or property ownership please contact.

Phone:  310-478-4999
Email:mitch@targetrate.com
Skype: mitch.lichterman

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