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Mortgage Rates

Seven Things Your Agent Should Know About Your Mortgage Approval

by Jonas Kruckeberg April 1, 2010

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.
New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA insurance [...]

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8 Questions Your Lender Should Answer About Mortgage Rates

by Jonas Kruckeberg March 31, 2010

Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate.
We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be confident [...]

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Top Five Market Factors That Influence Mortgage Rates

by Jonas Kruckeberg March 28, 2010

Timing the market for the best possible opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals.
While there are several several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable can be influenced at any given moment by at least 50 different [...]

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What's The Difference Between Interest Rate and Annual Percentage Rate (APR)?

by Jonas Kruckeberg March 28, 2010

The difference between APR and actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before.
When shopping for a new mortgage loan, you may notice an Annual Percentage Rate (APR) advertised next to the note rate.  The inclusion of an APR is actually mandated by federal [...]

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How Are Mortgage Rates Determined?

by Jonas Kruckeberg March 28, 2010

Many people believe that interest rates are set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market.
The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or bundle them [...]

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How Do Mortgage Rates Move When The Fed Lowers Rates?

by Jonas Kruckeberg March 28, 2010

NEED PHOTO
Lower mortgage rates is a common misconception that is perpetuated by the mainstream media perpetuates when the Fed makes an announcement of lowering rates.
However, when the Fed cuts interest rates, mortgage rates tend to increase.
Fed 101:
According to Wikipedia:
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is [...]

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