My New Blog

The trend in interest rates has been heading slightly higher over the last 6 months. We believe this trend will continue as we move through the year. During this period there has been and most lightly will continue to be short term drops which create "windows of opportunity" to refinance existing mortgages. We are in one of these right now. Additionally, we are seeing some relaxation of loan to value requirements and some "niche products" beginning to be rolled out by the mortgage bankers. These programs include "Verification of employment only" for W2 employees and higher number of financed properties allowed under investor properties. While guidelines remain tight, we are definitely moving in the right direction.