Jumbo loans, loans that are larger than $417,000, have been one of the hardest markets to lend in over the last 4 years. Today, it just got easier to do jumbo loans in Arizona. We will now allow for jumbo loans up to $500,000 with a 620+ credit score and loans up to $1,000,000 with [...]
SharePrivate Mortgage Insurance or PMI over the last 4 years had tightened up to the point that it was almost impossible to get a conventional loan with Mortgage Insurance. Starting July 11, 2011, Nova Home Loan’s mortgage insurance partner will loosen up their underwriting to make it much easier to get a home loan with [...]
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ShareMortgage bond prices fell this week pushing mortgage interest rates slightly higher. There were large swings throughout the week. Rates were pressured higher Tuesday following stronger than expected producer price index data. Retail sales showed a decline but not as bad as expected. Consumer prices rose higher than expected. The headline figure rose 0.2% and [...]
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