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Jeff Hutchison's Blog

By Jeff Hutchison nlms#97046 | Mortgage Broker
or Lender in Chicago, IL
  • VA streamline refinance rates - NO APPRAISAL - todays VA loan rates from banks, credit unions, lenders, brokers

    Posted Under: Financing in Dallas  |  June 20, 2012 7:58 AM  |  6,298 views  |  2 comments
    VA streamline refinance rates 


    UPDATE 08/23/2013: Are you looking for a VA streamline with NO appraisal? and the lowest VA loan rates? Rates have moved off all time lows but still low on VA streamlines. Compare VA loan rates from banks, credit unions, lenders, and brokers.


    UPDATE 02/26/2013: Are you looking for a VA streamline with NO appraisal? and the lowest VA loan rates? VA streamline IRRRL rates have dropped again.


    UPDATE 01/29/2013: Pricing is changing on the VA streamline IRRRL refinance loan. Investors are cutting off financing for some lenders offering the VA streamline with NO appraisal. We still offer the . Get a quote from an experienced loan professional today. 


    Update 01/14/2013:  VA loan rates still at all time low mortgage rates.  We offer VA Streamline Rates with no appraisal.  You get additional lender credits at closing that are applied to the new escrow account for taxes and insurance.  

    Emery Federal Credit Union is One of the few places you can streamline and existing VA loan with no appraisal and no costs -  at All time low interest rates.  Get a Va loan
    quote today.  


    Update 11/09/2012: Pricing improves on VA Streamline Rates with No appraisal


    Update 10/17/2012: 30 year VA streamline IRRRL fixed rates with 0 costs and additional wholesale lender credit towards property taxes at 3.25% a.p.r. and no income verification. Va sstreamline refinance.




    Update 08/25/2012: credit score requirement reduced to 680+ for VA streamline refinance IRRRL with NO APPRAISAL.


    Update 07/20/2012: credit score requirement reduced to 700+ for VA streamline refinance IRRRL with no appraisal. 

    Update 06/20/2012: VA streamline refinance rates drop to 3.25% a.p.r.  30 year fixed! No appraisal with 740+ credit scores  




    Update 11/15/2011: VA streamline refinance rates drop to 4.0% 30 year fixed 0 closing costs. Check current VA streamline refinance rates from VA approved lenders and banks at http://current-mortgage-rates.net/compare-mortgage-rates/va-mortgage-rates/va-streamline-refinance-rates/ and/or http://mychartermtg.com/mortgage-rates/va-mortgage-rates/va-irrrl-rates/ and/or http://fha-rates-today.com/mortgage-rates/va-mortgage-rates/


    UPDATE: 05/06/2011: VA streamline refinance rates 4.50% 30 year fixed 0 points 0 lenders fees.
       
  • Current Mortgage Rates decline: compare bank rates

    Posted Under: Financing in Dallas  |  July 5, 2010 7:58 AM  |  1,460 views  |  No comments
    current mortgage rates


    Update 08/25/2012: Current mortgage rates 3.625% and changing. Compare current mortgage rates from competing lenders and banks at http://current-mortgage-rates.net


    Update 06/23/2012: Current mortgage rates decline to all time low mortgage rates. Compare current mortgage rates from competing lenders and banks at http://www.current-mortgage-rates.net






    Update 04/27/2012: Current mortgage rates 3.5% in Dallas,TX at all time lows. Compare current mortgage rates from competing lenders and banks at http://current-mortgage-rates.net

    Update 11/14/2011:  Current mortgage rates in Dallas, TX at all time lows.  Compare current mortgage rates from competing lenders and banks at
    http://current-mortgage-rates.net/compare-mortgage-rates/mortgage-rates/texas-mortgage-rates/

    Update:  current mortgage rates changing:

    Update 10/06/2010:  reduced loan fees on 30 year fixed rates and 20 year fixed rates at 3.75% all time lows.  Current 15 year fixed mortgage rates 3.25%


    Today's current mortgage rates 08/14/2010:

    UPDATE 07/05/2010:  30 year fixed mortgage rates and refinance mortgage rates drop to an all time low 3.75%   

    30 year fixed  Mortgage Rate
    20 year fixed Mortgag Rate
    15 year fixed Rate

    5/1 arm Mortgage Rate
    7/1 arm Mae Mortgage Rate
    10/1 arm Mortgage Rate

    click on rates above for quick quote no social.


    $500 off lender fee for purchase loan applications

    $1,000 on time closing guarantee.
    ALL pre-qualifications and pre-approvals are underwritten by a staff underwriter within 24 hours of receipt.  Purchases take priority



    Current Mortgage Rates are determined by pricing and yeilds on Fannie Mae Mortgage Backed Securities.  Simply put these are bond issues backed by Fannie Mae Mortgages.

    There are various Fannie Mae Mortgage Backed Security coupons being traded daily and they are 3.5 coupon, 4.0 coupon, 4.5 coupon, 5.0 coupon.  These investments are traded just like regular stocks and bonds on Wall Street.  The buying and selling of these Mortgage Backed Securities will determine how secondary pricing deparments will determine current daily pricing which will determine current mortgage rates.  




    When traders start buying up Mortgage Backed Securities the price increases and the yeild decreases.  This will typically spur the secondary pricing departments at various lenders accross the county to increase the pricing at a particular rate, or improve current mortgage rates.  The actions they take depends on the net price increases on the underlying Fannie Mae Mortgage Backed Securities at a particular coupon rate. 

    The opposite is also true when traders start selling off Mortgage Backed Securites forcing secondary to decrease pricing on delivery of a particular current Mortgage Rate, or increase current Mortgage Rates.  Again, their actions depend on the net price decreases on the underlying Mortage Backed Securites at a particular coupon rate.  


    Current Pricing on Mortgage Backed Securities has been increasing as demand for 3.5 and 4.0 coupons have been increasing.  This has pushed current Mortgage Rates down once again creating an excellent opportunity to capture all time low mortgage rates.   



    Today's current mortgage rates:

    30 year fixed  Mortgage Rate

    20 year fixed Mortgag Rate
    15 year fixed Rate


    5/1 arm Mortgage Rate
    7/1 arm Mae Mortgage Rate
    10/1 arm Mortgage Rate




    www.mychartermtg.com   

    www.current-mortgage-rates.net
  • Texas FHA Rates Today - todays fha rates from banks, credit unions, lenders, and brokers

    Posted Under: Financing in Dallas  |  April 9, 2010 10:19 AM  |  1,580 views  |  No comments
    fha rates - fha lenders - fha loans

    FHA mortgage rates update 03/31/2014:  FHA mortgage rates drop at Allied First Bank.  Our  FHA mortgage rates are among the lowest in the country.  We are FHA loan experts.  Get a current  fha mortgage rate quote at:
       
    http://www.alliedfirst-mortgage.com/ 





    Update 08/23/2013: FHA mortgage rates stabilize are recent upward trends. FHA rates still near historical lows with only 3.5% down, and no appraisal on refinance loans. Click link above for fha streamline rates from banks, lenders, credit unions, and fha mortgage brokers.


    Update 02/26/2013: FHA rates improve on the fha streamline refinance. Have you streamlined your existing fha loan yet? Get quotes from fha lenders and banks and lock in your fha streamline rate.


    fha rates - fha streamline rates - fha lenders - fha loans


     


    Update 11/08/2012: Obama re-election bad news for the stock market, good news for the mortgage bond market. Check FHA rates from lenders and banks.

    Update 10/17/2012: 30 year FHA streamline refinance rates with 0 costs, skip a mortgage payment, and additional wholesale lender credits towards your new escrow account for property taxes and home owners insurance.






    Update 08/25/2012
    : FHA mortgage rates dro to 3.25% 30 year fixed 0 costs.  Compare fha mortgage rates from banks, brokers, lenders, and credit unions at www.fha-rates-today.com 


    Update 06/23/2012
    : FHA mortgage rates dro to 3.5% 30 year fixed 0 costs. Compare fha mortgage rates from banks, brokers, lenders, and credit unions at www.fha-rates-today.com 






    Update 04/10/2012: closing costs decrease for FHA mortgage rates. Mortgage insurance premiums increase. 


    Update 01/21/2012
    :  www.fha-rates-today.com 

    FHA mortgage rates 3.5% 30 year fixed - home purchase or refinance.  Lender credit pays 3rd party fees.  Points for rate.  Seller pays points. 

    FHA mortgage rates 3.75% with 0 points, 0 lender fees, 0 closing costs, and an additional lender credit toward establishing escrow/impounds account.
      

    Points and Lender credit determined by loan amount, property state, and credit score.

    Update 11/15/2011:  Texas FHA rates today - 30 year fixed 3.75% 0 points, 0 lender fees.  Compare today's current FHA mortgage rates and closing costs from BBB A+ rated FHA approved banks and lenders at http://fha-rates-today.com/mortgage-rates/fha-mortgage-rates/texas-fha-mortgage-rates/  and/or   http://current-mortgage-rates.net/compare-mortgage-rates/fha-mortgage-rates/texas-fha-mortgage-rates/  and/or http://mychartermtg.com/mortgage-rates/fha-mortgage-rates/fha-mortgage-rates-texas/

    Update:  rates changing - get current mortgage rates.

    Update 10/26/2010:  FHA 30 year fixed rates drop to 4.0% with 0 lender fees!

    Update 09/20/2010:  FHA MIP is increasing from the current monthly factor of .55 - .90 effective October 1st, 2010.  The new upfront mortgage insurance premium will be reduced from 2.25% to 1.0%.

    UPDATE 08/14/2010:  FHA 30 year fixed mortgage rates and refinance mortgage rates drop to all time low at 3.875%!

     4.25% with 0 points and 0 origination fees, lender credit towards 3rd party fees.  0 closing costs 720+ score.

    Texas FHA Rates Today - FHA mortgage and interest rates:


    30 year fixed FHA rates today Texas
    15 year fixed FHA rates today Texas
    5/1 FHA arm rates today Texas

    Click on rates above for quick quote by county - live rate tables
    No personal Information or Social Security Number

     
    $500 off lender fee for purchase loan applications


    $1,000 on time closing guarantee.
    ALL pre-qualifications and pre-approvals are underwritten by a staff underwriter within 24 hours of receipt.  Purchases take priority



    FHA Rates are determined by pricing and yeilds on Ginnie Mae Mortgage Backed Securities.  Simply put these are bond issues comprised of FHA Mortgages.  Here we will refer to these mortgage backed securities as Ginnie Mae/FHA so as not to be confused with other types of mortgage backed securities comprised of different types of mortgage loans.

    There are various Ginnie Mae/FHA Mortgage Backed Security coupons being traded daily and they are 4.0 coupon, 4.5 coupon, 5.0 coupon, 5.5 coupon, and the 6.0 coupon.  These investments are traded just like regular stocks and bonds on Wall Street.  The buying and selling of these Mortgage Backed Securities will determine how secondary pricing deparments will determine current daily pricing at various rates. 








    When traders start buying up Ginnie Mae/FHA Mortgage Backed Securities the price increases and the yeild decreases. This will typically spur the secondary pricing departments at various lenders accross the county to increase the pricing at a particular rate, or improve rates.  The actions they take depends on the net price increases on the underlying Ginnie Mae/FHA Mortgage Backed Securities at a particular coupon rate. 

    The opposite is also true when traders start selling off Ginnie Mae or FHA  Mortgage Backed Securites forcing secondary to decrease pricing on delivery of a particular FHA  Rate, or increase FHA Rates.  Again, their actions depend on the net price decreases on the underlying Ginnie Mae/FHA Mortage Backed Securites at a particular coupon rate.  


     





    Current Pricing on the Ginnie Mae/FHA Mortgage Backed Securities has been increasing as demand for 4.5 and 5.0 coupons have been increasing.  This has pushed FHA Rates down once again creating an excellent opportunity to capture near all time low rates. 

      
    30 year fixed FHA rates today Texas

    15 year fixed FHA rates today Texas

    5/1 FHA arm rates today Texas

    Click on rates above for quick quote by county - live rate tables
    No personal Information or Social Security Number
    Rates and Costs in 10 seconds.


      
    www.fha-rates-today.com/texas-fha-mortgage-rates.html  

    www.current-mortgage-rates.net for current conventional mortgage rates




 
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