Saturday, February 13, 2016

Looking For A Great Lender in Henderson/Las Vegas?

Preferred Lender at
check a lender that I have worked with for years,,,, Jennifer Brown is very professional and will get you the lowest rate possible.
Jennifer Brown - Cell:702.349.1778
Mortgage Advisor, 
Check out my FREE Mortgage Calculator App - click here while on your Android or iPhone device to download today!
Finance Of America
8363 W Sunset Rd., Suite 350 Las Vegas, NV 89113
NMLS - 81395 | NV License - 1061672 | Equal Housing Lender 
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act

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Mortgage Rates Drop for the Fourth Straight Week

Mortgage Giant, Freddie Mac released this weeks Prime Mortgage Market Survey (PMMS) showing the average mortgage rates on a fixed rate mortgage sinking lower for the fourth straight week.
The surveys reveals the following:
  • 30-year fixed-rate mortgage (FRM) averaged 3.79 percent with an average 0.6 point for the week ending January 28, 2016, showing a slight drop from last week when it averaged 3.81 percent.
  • 15-year FRM this week averaged 3.07 percent with an average 0.5 point, showing a decline from last week when it averaged 3.10 percent.
  • 5/1-year ARM averaged 2.90 percent this week with an average 0.5 point and a 2.74 margin, down from last week when it averaged 2.91 percent.
Lower-for-longer mortgage rates will provide a tailwind for the housing market, said Freddie Mac's chief economist, Sean Becketti.
This weeks housing releases confirmed the momentum of home sales going in 2016. A hesitant Fed, sub-4-percent mortgage rates, and strong housing fundamentals should generate a three percent increase in home sales this year. he said
To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

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