| Vanderhoff Real Estate's North Fulton Blog
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Monday, January 10, 2011
CURRENT RATES (PURCHASE TRANSACTIONS)
 Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.750% Purchase Only 15-yr Fixed = 4.125% Purchase Only NEW! Conforming 5/1 = 3.50% amortized; 3.75% interest only Conforming 7/1 = 3.875% amortized (Consult your Covenant Mortgage Professional for Refinance Quotes) Jumbo Loans:Loan amounts over $417,000* 5/1 ARM = 4.25% 7/1 ARM = 4.50% NEW! 30-year Fixed JUMBO = 5.625% FHA Loans: * 30-yr Fixed Range = 4.50% - 5.00% NEW! FHA 5/1 ARM = 3.50% Qualify at Start Rate Call Our Preferred Lender Now For More Details! Phil Blankstein Mortgage Planner Cell 678-938-7111 phil.blankstein@mycovenantmortgage.com NMLS # 251790, GA License# 26422 *Based on pricing as of Friday, January 7th, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee # 22745, Florida Licensee # CL0800186, North Carolina Licensee # B-147025, Covenant NMLS # 144774 Labels: best lender in town, best realtors in town, low mortgage rates
Monday, November 15, 2010
What's Ahead For Mortgage Rates This Week November 15th, 2010 ?
 In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market's 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise. Last week marked the first sizable mortgage rate increase over the course of 7 days since April. The biggest reason why rates rose last week was because of concerns that the Federal Reserve's latest round of stimulus will devalue the U.S. dollar. The Fed pledged an additional $600 billion to the bond markets two weeks ago and, to meet this obligation, the group will have to, quite literally, print new money. It's Supply and Demand. With more dollars in circulation, every existing dollar is worth less. It's also inflationary. As the Fed's pledge ties back to mortgage rates, remember that mortgage bondholders are paid in U.S. dollars. So, if those dollars are expected to be worth less in the future, we would expect mortgage bond demand to fall. And that's exactly what happened last week - investors rarely clamor for assets whose value drops over time. The falling demand dropped down prices, and pushed up yields. Mortgage rates spiked. This week, the trend could continue. There's a lot of inflation-signaling data on tap: * Monday : Retail Sales * Tuesday : Producer Price Index; Consumer Confidence; Housing Market Index * Wednesday : Consumer Price Index; Housing Starts * Thursday : Initial and Continuing Jobless Claims Analysts are calling for lukewarm data this week; none of the releases is expected to show strong growth. If the analysts are wrong, look for rates to rise again. Momentum is moving away from rate shoppers. If you have put off making a decision on putting an offer on a home, wait no more! If you've yet to lock in a rate, consider doing it now. Call us TODAY! Labels: best realtors in town, homes for sale in cumming, low mortgage rates
Tuesday, August 17, 2010
This Weeks Mortgage Rates
 CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.25% Purchase Only 15-yr Fixed = 3.75% Purchase Only NEW! Conforming 5/1: 3.375% amortized; 3.75% interest only Conforming 7/1: 3.625% amortized HOT PRODUCT Conforming 10/1: 4.125% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans:Loan amounts over $417,000* 5/1 ARM = 3.625% 7/1 ARM =4.625% NEW! 30-year Fixed JUMBO: 5.25% FHA Loans: * 30-yr Fixed Range= 4.25% - 5.25% NEW! FHA 5/1 ARM: 3.50% Qualify at Start Rate Call Me Now For More Details! Phil Blankstein Mortgage Planner Cell 678-938-7111 phil.blankstein@mycovenantmortgage.com NMLS # 251790 *Based on pricing as of Friday, August 13th, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025, Covenant NMLS# 144774 Labels: alpharetta homes for sale, cumming homes for sale, current mortgage rates, dawsonville homes for sale, low mortgage rates
Tuesday, July 27, 2010
This Weeks Mortgage Rates
 CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.375% Purchase Only 15-yr Fixed = 3.75% Purchase Only NEW! Conforming 5/1: 3.375% amortized; 3.75% interest only Conforming 7/1: 3.75% amortized HOT PRODUCT Conforming 10/1: 4.125% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans:Loan amounts over $417,000* 5/1 ARM = 4.375% 7/1 ARM =4.625% FHA Loans: * 30-yr Fixed Range= 4.25% - 5.25% NEW! FHA 5/1 ARM: 3.375% Qualify at Start Rate Call Me Now For More Details! *Based on pricing as of Friday, July 23rd, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025, Covenant NMLS# 144774 Labels: alpharetta homes for sale, homes for sale in cumming, low mortgage rates
Wednesday, July 21, 2010
This weeks mortgage rates
CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.375% Purchase Only 15-yr Fixed = 3.75% Purchase Only NEW! Conforming 5/1: 3.375% amortized; 3.75% interest only Conforming 7/1: 3.75% amortized HOT PRODUCT Conforming 10/1: 4.25% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans:Loan amounts over $417,000* 5/1 ARM = 4.375% 7/1 ARM =4.625% FHA Loans: * 30-yr Fixed Range= 4.25% - 5.25% NEW! FHA 5/1 ARM: 3.5% Qualify at Start Rate Call Me Now For More Details! *Based on pricing as of Friday, July 16th, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025, Covenant NMLS# 144774 For More Information Call or Email Phil Blankstein Mortgage Planner Cell 678-938-7111 phil.blankstein@mycovenantmortgage.com NMLS # 251790 Labels: low mortgage rates, time to buy a home
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