There are several major developments in the mortgage world recently, and they’ve generated a bit of confusion. So let’s clear it up!
Source: Kevin Litwicki MBSLIVE
Huge Developments in The Mortgage World. Are You Getting The Whole Story?
Best Housing Market Since 2007, But There's a Catch
Several new reports confirm the housing market is absolutely crushing it right now, but the headlines don’t tell the whole story.
Source: Kevin Litwicki MBSLIVE
Best Housing Market Since 2007, But There's a Catch
Mortgage Rates Are Not 1.99%. In Fact They're Back Over 3%
Some mortgage companies have generated buzz by advertising 30yr fixed rates of 1.99%. While it is possible to obtain such a rate, there is definitely a catch.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Are Not 1.99%. In Fact They're Back Over 3%
The Rate Also Rises
Years from now when scientists examine mortgage rates in July 2020, they’d be forgiven for coming to the conclusion that rates only ever move lower. As we’ve learned in the first week of August, rates also rise.
Source: Kevin Litwicki MBSLIVE
The Rate Also Rises