Currently viewing the tag: "loan-level price adjustments"

First Time Home Buyer Loan Comparison

On February 10, 2011 By

Without a doubt, the most common comparison between loans for first time home buyers is the FHA vs. Conventional calculation.  

We’re in an interesting market right now where the FHA loan has been generally about .25% less expensive in terms of mortgage rate.  

 rates do absolutely vary between [...]

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Loan Level Price Adjustments = Higher Loan Costs

On January 6, 2011 By

Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.

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Current Mortgage Rates & Closing Costs

On September 8, 2010 By

The average contract interest rate for the 30 Year dropped from 4.50% to 4.43%. BUT, the points dropped from 1.34 to .96 (.38%, or almost $950 on a $250,000 loan). All rates and fees measured by the survey are for 80% loans and therefore avoid Loan Level Price Adjustments

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Loan Level Price Adjustments and Low Mortgage Rates

On July 14, 2010 By

Mortgage rates keep pushing on these historical low levels, but not everyone is qualifying for the headline rate from Freddie Mac of “4.57 percent with an average 0.7 point.”

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