History of Mortgage Interest Rates
Mortgage Interest Rates Interest based on the following criteria: Purchase, First-Time Homebuyer, Single Family Home, Minimum Down Payment, 760+ Credit Score, Owner-Occupied, Conforming Loan Conv: Income > 100% AMI 6.99%7.125%6.875%7%7%6.99%7.375%7.25%6.99%6.99%7.125%6.99%6.99%6.99%6.99%6.99%6.99%6.99%6.5%6.625%6.875%6.99%6.99%6.625%6.875%6.625% Conv: Income < 100% AMI 6.875%6.99%6.625%7%6.99%6.875%7.375%7.25%6.875%6.875%6.99%6.875%6.99%6.99%6.99%6.99%6.875%6.875%6.5%6.5%6.625%6.875%6.875%6.625%6.625%6.625% FHA 6.125%6.125%6.00%6.125%6.25%6.125%6.5%6.5%5.99%5.99%6.125%6.125%6.125%6.125%6.125%6.125%5.99%5.99%5.625%5.625%5.75%5.99%5.99%5.75%5.75%5.75% *VA 6.25%6.25%6.125%6.25%6.25%6.25%6.625%6.625%6.125%6.125%6.25%6.125%6.125%6.125%6.125%6.125%6.125%6.125%5.625%5.625%5.99%6.125%5.99%5.75%5.99%5.75% 10 Year Yield 4.285%4.312%4.25%4.338%4.51%4.346%4.653%4.648%4.257%4.216%4.29%4.108%4.143%4.168%4.183%4.146%4.111%4.098%3.875%3.96%4.064%4.153%4.106%4.006%4.003%3.941% Date & Time 7/10/24 | 9:46am6/26/24 | 9:00am6/12/24 | […]
Mortgage Jargons
Mortgage Jargons 3-Day Rule: a lender is required by law to give the borrower the Closing Disclosure (Pre) 3 days before closing, so they have plenty of time to go over the terms of their loan. 1031 Exchange: A way to defer or avoid paying capital gains taxes by investing the proceeds from the sale […]
First-Time Home Buyer
Who Can Be Classified as a First-Time Home Buyer? Curious about whether you fit the criteria of a first-time home buyer? According to the U.S. Department of Housing and Urban Development (HUD), you fall into this category if any of the following situations apply to you: You haven’t owned a primary residence for a continuous […]
What is a 2/1 Buydown?
Temporary Rate Buydown https://www.youtube.com/watch?v=XHOmBV4js_E Here’s a short and easy way of understanding what a Temporary Rate Buydown is. Reason for a Temporary Rate Buydown: Rates are high. This is a small band-aid to fight with high rates and high monthly payments until rates drop back down and you can refinance. What is 3/2/1, 2/1, or […]
Conventional vs VA
Conventional Loan vs VA Loan Minimum Down Payment Conventional Loans: 3% For example, if you are buying a home for $200,000, the minimum down payment would be $6,000. VA Loans: 0% For example, if you are buying a home for $200,000, the minimum down payment would be zero, zilch, nada. Minimum Credit Score Conventional: […]
Easy way to get an Interest Rate Quote without 20+ questions
How to get an interest rate quote without having to answer 20+ questions Should be Fast & Easy It’s as easy as a simple text. These QR codes are also located on my home page. Scan the one correlated to your needs and I, Sue Thao, will personally send you the current rates & PMI/MIP […]
PMI vs MIP
What is PMI? What is MIP? PMI: Private Mortgage Insurance | MIP: Mortgage Insurance Premium Private Mortgage Insurance (PMI) Mortgage Insurance Premium (MIP) PMI is mortgage insurance for Conventional loans. All conventional loans with a down payment less than 20% require PMI. When you have paid down your home and built up 20% equity, you […]
What is GFL Capital Mortgage?
What is GFL Capital Mortgage? GFL Capital is a Mortgage broker. Click to watch a quick Short Previous Next GFL Capital Mortgage is a mortgage broker headquartered in Sacramento, CA with license to conduct business in CA, NV, OR, WA, CO, ID, TX, & FL. I am currently licensed in California, Nevada, & Oregon. Our […]