Inflation and Our Economy
How Inflation Impacts our Economy Our economy is doing better than it has done in a long time. As more and more people in the US are finding work, the unemployment rate is steadily dropping. This is great for the economy of our country as people and businesses are buying, selling, and trading and in […]
Mortgage Rate Hikes Are On Its Way
If you’re into literature, you know that shortly before his death Julius Caesar was told to “Beware the Ides of March”, and if there were any soothsayers around today, they’d probably be telling us the same thing right about now in relation to mortgage rates. We’re just slightly over a week into this month and […]
More News on the Rate Hikes
The big question in the mortgage industry is when the rates are going to go up. There’s been talks about it being in March which may be the truth. The Federal reserve is looking to raise its benchmark interest rate this month as long as the economic data remains strong. The Federal Reserve has hinted […]
Interest Rates Are On The Rise!
The Federal Reserve is expecting to raise interest rates as soon as March of this year. The new Presidential Administration team occupying the White House is expecting a continued growth in the US Economy that has previously flourished as a result of the Obama Administration. They expect that our new President will invoke more jobs, […]
The Consumer Financial Protection Bureau (CFPB) is in back in the spotlight
The Consumer Financial Protection Bureau (CFPB) is in back in the spotlight The Consumer Finance Protection Bureau (CFPB) has been in the spotlight lately since the scandal that took place a few years ago, got them in water for collecting reams of consumer data, undercutting privacy rights while putting potentially sensitive personal information at risk […]
Zillow - What is it? Why does Valley West Mortgage use it?
Zillow is an online real estate database, founded in 2005, that uses a proprietary algorithm called the "Zestimate" to appraise property values based on undisclosed factors. Sellers can use Zillow as a marketing tool by appraising their properties, posting property information such as improvements and access to major roads; and comparing nearby property value appraisals. […]
The Federal Reserve Brings Good News for Interest Rate Decison
February 1st brings some good news already. The Federal reserve as expected has held the interest rates steady today as they begin to assess where our economy heading-but they hinted that the rates might stay low for a good while to come. The Fed’s decision today confirmed those expectations. “In view of realized and expected […]
FHA BRINGS IN THE NEW YEAR WITH MIP CUTS FOR BORROWERS! The Federal Housing Administration, also known as the FHA, has decided to bless borrowers this year by cutting mortgage insurance premiums. Who is the Federal Housing Administration? The Federal Housing Administration, simply called the FHA, is the government body that sets standards for the […]
Home buyers who can’t put at least twenty percent (20%) down usually have to carry private mortgage insurance, often an expensive proposition. One good thing about the insurance, though, is that it doesn’t last forever. Private mortgage insurance protects the lender in the event that a borrower stops making payments before building up much equity […]
Valley West Mortgage is licensed in California, Colorado, Idaho, Maryland, Nevada, New Mexico, Oregon, Utah, Virgina, and Washington. 2016 Maximum Conforming Loan Limits Established for Fannie Mae and Freddie Mac National Baseline Loan Limit Remains Unchanged; Limits Rise for 39 High-Cost Areas The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan […]
