Grow your real estate business! Learn everything you need to know about the mortgage industry (and nothing you don't).
How Low Will Mortgage Interest Rates Go?
The mortgage world is all atwitter about current mortgage interest rates. They're low. Really low. Why? One word: Coronavirus. Are we in for a global economic meltdown?
After an initial fixed rate period, the interest rate for adjustable rate mortgages is determined by adding the value of a financial index (often the LIBOR index) to a margin. There’s just one problem. The LIBOR is going away.
The great thing about automated underwriting systems for appraisals is that the system "stores" the appraisal information and makes it more likely that a future transaction for the same property will receive an appraisal waiver. But how does it all work?
As home prices continue to rise across the country, so, too, must the conforming loan limits. Let's take a look at what's happening and how it will affect Jefferson County.
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