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"Hey everybody, happy Friday! 🎉 I've got three things for you today:
1️⃣ Fannie and Freddie Mac are being more selective with loan files lately 📝. They're asking for paycheck stubs, additional sources of income, and verification of assets, making lenders feel the heat 🔥. They're even asking for BuyBacks on loans done months ago! So, get ready for lenders to get stricter on documentation and income calculations.
2️⃣ Let's talk rates 📈. Some articles might be a bit outdated, but over the last 10 days, we've actually seen rates improve 📉. Economic news shows inflation is getting under control, although employment numbers had a hiccup today. But hey, we're cautiously optimistic about rates!
3️⃣ Last but not least, a tip: Avoid letting your buyers pay points ⚠️. Points are essentially upfront interest, and lenders expect refinances down the line. We anticipate a
Mortgage rates pretty much flat last week.
Mortgage rates in Boise, Nampa, & Meridian slide and worries about a war with Iran take center stage in the markets, more in the video below.
Great information in this week's Video
Here is the link to the News Article and Information on how to get $125+
Mortgage Rates Simmer & Credit Report Myths BUSTED!
Link to 2nd Look Mortgage Page
Link to Credit Report Myths Sheet.
Mortgage rates are awesome, information about Flood Certifcates, and email signature lines.
In this weeks Blog:
Link to Rent Vs. Buy Video Here
In This Blog: (Blog is a little long, but educational!!!)
Answer a few SIMPLE Questions and experience why we are always the 1st Choice in Idaho!
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1st Choice Mortgage Company, LLC | NMLS #380736
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This material is not from HUD or FHA and has not been approved by HUD or any government agency.
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