Purchase a Home Qualifier  Refinance a Home Qualifier

For the Real Estate Professional

This site is dedicated to informing the Real Estate Professional. I Blog each Friday, to keep you informed of upcoming changes, statistics, rates and lending news.  There is also links to program brochures on the right, as well as charts and news to keep informed.

Interest rate going up, New CFPB Rules, $8,000 Grant!
In this Blog: Interest rates are going up, again, new CFPB rules, and IHA $8,000 GRANT still available.


 Well as we have been saying rates are starting to climb, and this week was no exceptions.  Through out this week we have seen rates tick up just a little, due to some pretty good economic numbers:

 Yesterday Labor Department indicated that claims fell by 37,000 for unemployment, down to 335,000, which is the lowest in the last 4 years.  But I really need to see 2-3 months of this to start a trend.

 Also yesterday, housing starts, expect to be up 3.0% were actually up 12.1%.

 So Stocks have been  rallying thus selling of bonds. 

 In a conference call I was on yesterday with Bond Traders, they indicate that Bonds are on the verge of starting their decline, which would increase interest rates.  But it should be a slow and gradual increase.  They were also concern about the run up in the stock market, indicating that we are due for a correction.

 But we do have the upcoming Debt Ceiling and the Fiscal Cliff 2.0 both in March.  Which will have an  impact on rates.

 Once again, we are recommending locking the rate as soon as you are able to.

 Consumer Finance Protection Bureau

 Well have last weeks 804 page bomb on the lender side, they dropped  another bomb, this time on the Servicer Side.

 Although this will not affect us too much here in Idaho, because we are a non-judicial state when it come to foreclosures.  It is going to add some hassle to local lenders.  Video below will give some more details.


 In the next few weeks, we expect more rules and regulations to come out of the CFPB, including new Good Faith Estimates and new HUD-1 Statements.

 I have seen the current proposed statements, and although not perfect, I do think they are better than what we currently have.

 You can see them by following the LINK HERE.

 IHA Still has GRANT Money:

 IHA still has up to $8,000 in Grant Money for downpayment and closing costs assistance.  There is income limits on it and they have to be a 1st time home buyer, or a Displaced Divorced Parent with children.

But it is a close as you can get to FREE money!

Give me a call for more info, I have a GREAT flyer for this program.


Posted by 375loan at 1/18/2013 5:49:00 PM
Share |
Comments (1)
Credit Help
I?m trying to help my son repair his credit. A few years ago he helped us with some stuff by putting things in his name and unfortunately due to some serious financial issues, we were not able to stay afloat and therefore his credit was damaged which I have felt guilty about all this time. We are now in a position to fix things and we reached out to 'FixMyCredit at WriteMe d0t CoM' through a friend. Within few weeks they worked on his credit, scores improved to high 700s from 593 and all debts was cleared off from his report
Great experience.
Posted by on 1/12/2022 5:34 AM
Add Comment
Provide comments on this blog entry. If you have an account with this site please sign in.


Answer a few SIMPLE Questions and experience why we are always the 1st Choice in Idaho!

Purchase a Home Qualifier Refinance a Home Qualifier


1st Choice Mortgage Company, LLC BBB Business Review, boise, nampa, caldwell, kuna, eagle