Understanding how consumer confidence and inflation vs rates is key to navigating the housing market. These factors are interconnected, influencing both borrowing costs and broader economic growth. Consumer confidence and inflation vs rates often reflects how individuals feel about their financial stability and the future of the economy. Inflation, on the other hand, relates to…
This article will cover the difference between mortgage brokers and lenders. Should I use mortgage brokers versus lenders to get the best rates and terms when buying a house? Dale Elenteny of Gustan Cho Associates suggests the pros and cons of using mortgage brokers versus lenders and will answer the frequently asked question about the…
This blog will cover how lenders price mortgage rates versus credit scores. All mortgage companies will price mortgage rates versus credit scores. The higher a borrower’s credit scores are, the less risky the borrower is. This is how lenders view borrowers with higher credit scores. There is a pricing adjustment on mortgage rates versus credit…
In this article, we will cover and discuss pricing mortgage rates by lenders on home loans. Most FAQs by borrowers on pricing mortgage rates by lenders on home loans. Mortgage shoppers often see a variety of mortgage rates when shopping for a loan and often wonder about pricing mortgage rates by lenders. Pricing Mortgage Rates…
This guide covers the net tangible benefits of refinance with lower mortgage rates. Right now may be the opportunity for homeowners to refinance with lower mortgage rates. Mortgage rates have been steadily decreasing for the past several weeks and seem like they will continue to creep lower due to the sudden hike after the news…
In this blog, we will cover the HUD minimum credit score guidelines on FHA loans. HUD minimum credit score guidelines to qualify for a 3.5% down payment home purchase mortgage loan is set at a 580 FICO credit score. If your credit scores fall between 530 FICO and 579 FICO, you can still qualify for…
This guide covers the fastest and easiest way to increase credit scores to get the best mortgage rates. We get countless calls from our viewers at Gustan Cho Associates asking about the fastest and easiest way to increase credit scores. Credit scores fluctuate depending on the activity on consumer credit reports. The team at Gustan…
In this blog, we will be talking about how interest rates affect the housing markets. The team at Gustan Cho Associates is constantly monitoring the health of the mortgage market. If you have been following the news, there have been many recent updates surrounding the housing market and the overall financial markets. In this blog,…
This guide covers the loan-level pricing adjustments of mortgage rates with low credit scores. Borrowers will get higher mortgage rates with low credit scores. Lenders will hit borrowers with higher mortgage rates with low credit scores. There are no prior adjustments for prior bad credit, late payments, bankruptcy, or foreclosure. On government loans, credit scores…
This guide covers mortgage rates on FHA vs conventional loan rates. Mortgage rates on FHA vs conventional loans have been steady for the past year. Mortgage rates on FHA vs conventional loans have been historically low. This is due to HUD, the Federal Housing Administration (FHA) parent, guaranteeing FHA loans. In general, mortgage rates on…
This guide covers how the Federal Reserve Board affects mortgage rates. Information received since the Federal Open Market Committee met last quarter indicates that economic activity is expanding moderately. Federal Reserve Board affects mortgage rates whenever there is good news in the economy. Mortgage interest rates normally go up. Inflation has been running below the…
This guide covers how mortgage rates are priced on home loans. When purchasing a home, most people require a home loan to finance the purchase. A loan on a home, also known as a mortgage, is a loan where a borrower pledges their house as collateral. One of the most critical aspects of home loans…
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