Have you ever wondered how and why mortgage lenders adjust their mortgage rates their borrowers can choose from each day? One would think it’s a lot of work to make a daily rate change, right? I mean, why doesn’t a lender just post a rate and let it stay that way for a few days? […]
Whether it’s applying online, meeting a loan officer face-to-face, or having a conversation over the phone about a new home loan application, your mortgage lender will ask for documentation before underwriting the file. Because mortgage lenders follow the same basic lending guidelines they all ask for the same basic set of information. Sometimes though you […]
Mortgage Rates May Push Upward Later This Week Dependent on Retail Sales Data Mortgage rates managed to drift slightly downward last week, with no big surprises to press rates significantly in any direction. The ISM indices split direction, with the manufacturing index posting a decline, and the services index moving upward. Both indices remain above […]
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