mortgage_rates

Conventional rates today fell considerably today but, do you know what does effect the rates to rise and fall as they do? The most crucial clues offset each other — Return of investment (Treasury Yield) on the government’s debt obligation rose while oil prices fell. Shown below are some factors you might want to consider: Factors Major stock indexes opened slightly low and flat (neutral for mortgage rates) Gold prices fell $8 to $1,232 an ounce. (That

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California regulators approve plan to mandate solar panels on new home construction! California regulators Wednesday approved a historic plan to mandate rooftop solar panels on most new single-family homes built in the state. The California Energy Commission’s action is expected to add on average about $9,500 to the cost of building new houses. The solar mandate, which goes into effect in 2020, received the support of home builder and solar trade associations as well as several large

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Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with stable income? What is the borrower’s credit score? It’s important to understand what affects your score and how you can boost it. One major factor in your credit score is how much revolving credit** you have versus

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moving box

Moving Across America If you’ve ever wondered what areas people are moving out of and moving into, we have the list right here. Idaho held on to the top spot for people moving in following Washington and none other than yours truly, Nevada coming in at #3. Here’s the full list: MOVING IN MOVING OUT IDAHO ILLINOIS WASHINGTON WEST VIRGINIA NEVADA NEBRASKA TENNESSEE SOUTH DAKOTA ALASKA HAWAII MAINE INDIANA NORTH CAROLINA DELAWARE ALABAMA LOUSINANA NEW

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house cookie cutter

The Diverging Market What Will the Mortgage Industry See?   Origination: Lending outside qualified mortgage rule may help lenders replace lost home refinances Home purchase volume is expected to increase slightly but this trend will likely be prominent in 2018, as originators may continue to struggle to replace lost refinance volume and their compliance and risk management processes become more robust. Cost Competition: Fannie Mae and Freddie Mac tech help lenders expand credit box What this

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vwm conforming rates

BREAKING NEWS! FHFA increases conforming loan limits for a 2nd straight year Loan limits to match rising home prices   On Tuesday, the Federal Housing Finance Agency (FHFA) that the maximum conforming loan limits for mortgage to be obtainedce in 2018. The 2018 maximum conforming loan limit for a one-unit property will be $453,100, an increase from $424,100 in 2017. This allows home buyers to purchase a home without resulting in a Jumbo loan with

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vwm_lowestrates

How Do You Shop for Rates? The top tools for mortgage shopping Over the years, shopping for a mortgage has become better than ever. Purchasing a home is more accessible online and mobile, which makes the process more fitting for those of us looking for our dream home. Valley West Mortgage is here to make that happen, with our online pre-approval form, loan application, and secure loan docs upload capabilities to ease the stress of

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vwm_creditscore

Some changes took effect at the top of this month that could have amazing results on your credit score! We’ve talked about the importance of your credit score in some of our recent posts. Your credit score—more importantly your FICO credit score (which is a combination of your credit scores and credit history)—is assessed to determine your eligibility for lines of credit, personal loans, auto loans, and more importantly, home loans. The higher your FICO

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the_big_34

The Big 34 Earlier this year, we touched on national stress tests done by big banks. Since the Federal Reserve conducted their annual stress test last week and have now released their reports, today we’ll expand on the explanation of the stress tests. Banking institutions with $50 billion or more in total assets are required by the Federal Reserve to conduct an annual stress test to ensure that through a national financial crisis (like a

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Commercial Banks vs. Mortgage Brokers When it comes to getting a home loan, you have a few options available to you in order to come up with the money to purchase the home. This article will focus on two of the most common ways you can borrow money for your home loan. More importantly, it’ll will focus on the differences between these two options. What is the difference between financing a home loan through a

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