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Are You Wondering... Should I Refinance My Home?
Do I Need Cash-Out Now? Do I Want To Purchase
A House? A $100,000.00
home mortgage is only $415.00 per month with similar savings for other amounts.
And our best rate starts at only 2.87% (3.00 APR) for purchasing or refinancing
your home. Owe more than your home is worth? No problem,
use HARP refinancing. Current rate more than 3.50 percent? Then refinance now.
Have good credit, average credit, or bad credit? You're in the right
place. And remember, most people have better credit than they think, usually Good Credit,
keep this in mind while filling out our online form. When contacted by us, kindly ask our loan
professional which loan type makes sense to you. They will be
more than happy to assist you in finding the best loan for your particular
circumstance. Remember, all loans do not fit all people; if you need a mortgage loan, we'll find the right one for you
and you alone. So, you need
mortgage help? We
promise our home loan experts will make your next mortgage "easy".
Furthermore, a home refinance or a new home mortgage is the single most important
purchase in most people's lives. Shop around, get multiple offers, study them
carefully. Please know, the lowest rate loan is not always the
best loan for you. Look for the lowest APR (Annualized
Percentage Rate, or effective rate). The APR takes into account
all fees and charges that you will incur securing your new mortgage.
Our home loans start at 2.87%, with a low 3.00% APR - because our
charges and fees are very reasonable for each home loan. So
remember, APR is #1 for your next home loan or mortgage refinance!
Lastly, hassle-free shopping with us will easily speed up your
mortgage process and get you additional quotes for your comparison.
So get the best deal, whether with us or somewhere else, but at least get our offer. We work around poor
credit and reward those with good credit. And 'we beat other
guy's rate... every time.' Get Instant Online Quotes - Save Time & Money
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Home Mortgage Story
Home Mortgage Refinancing Rates & Home Purchase Rates Rising With
No End In Sight
Home mortgage rates and mortgage refinance rates are
continuing to move higher. This rise in rates is due to three major factors: 1.) Hints from the Fed that QE
(Quantitative Easing) may be coming to an end (Tapering), 2.) The private
sector labor market is expanding, and 3.) Market uncertainty. QE is the process
where the Fed props up the economy by purchasing billions, $85
billion per month right now, in Treasury Notes and MBS (Mortgage Backed Securities - the most
important factor impacted mortgage rates). Home mortgage rates
normally follow bond rates - the less MBS's the Fed buys, the higher the
interest rate will be for the consumer. Mortgage rates also
follow the economy - a better economy, more jobs, more
new home sales, equals higher interest rates. Market uncertainty
also causes a rise in mortgage rates. Therefore, it may be a
good idea to refinance your mortgage or buy a home now before rates
move even higher.
Overall, interest rates on home loans are trending
slightly upward, and may continue to do so. The theory behind
rising interest rates is as follows: a stronger, more stable
economy in the US and Europe, better employment data, higher consumer
confidence and spending, the stock market moving higher, all cause and
support higher interest rates. The theory behind falling
interest rates is as follows: a weaker, flat, or unstable
economy in the US and Europe, lower employment numbers, weakening
consumer spending and confidence, the stock market remaining flat or
moving lower, all contribute to falling interest rates.
This recent news puts today's average 30-year
fixed-rate conventional loan at 4.42%, down 4 basis points from last
week for the average lender, which is good for those that intend to purchase a home
or do a mortgage refinance soon. If you need home
mortgage advice, mortgage help or refinance advice,
please click to contact us or
For The Week Ending December 12th, 2013:
- Thirty-year fixed-rate-mortgages (FRM's) averaged 4.42% with
0.7 points this week. That's down 4 basis points from a week ago,
when they were 4.46%. However, average points paid increased
from 0.4 to 0.7, thus a net increase in rates. At this time, one year ago, the thirty-year
FRM was approximately 3.32%.
- Fifteen-year fixed-rate-mortgage (FRM's) averaged 3.43% with 0.7
points for the week. That is down 4 basis points from a week ago,
when they were 3.47%. Again, average points increased from 0.4
to 0.7, equaling a net increase in rates. At this time last year, the fifteen-year
FRM was hovering around 2.70%.
- Five-year Hybrid Treasury Indexed adjustable-rate-mortgages (ARM's)
averaged 2.94% with 0.4 points this week. That was down 5
basis points from the same time a week ago when they were 2.99%. At this time, one
year ago, the five-year ARM was approximately 2.70%.
- One-year Treasury Indexed adjustable-rate-mortgages (ARM's) averaged
2.51% with 0.4 points for the week. This is down 8 basis points from a week ago when they were 2.59%. At this time last year,
the one-year ARM was hovering around 2.53%.
Home Mortgage Interest Rate Trend Prediction For The Upcoming Week:
According to a survey of home loan experts at
bankrate.com for the upcoming week, December 12th 2013 to December 18th 2013,
57 percent believe home loan and refinance mortgage rates will rise over
the next week, 19 percent think mortgage and refinance rates will
fall, and 24 percent believe mortgage rates will remain relatively
unchanged (+/- 2 basis points). Survey results are provided
weekly. Please come back often to see how accurate the experts
fared. Last week, interest rates were down 4 basis points to 4.42%, and
27 percent picked correctly. As you can see, mortgage
experts believe rates may go up this week, you may want to act accordingly.
Long Term Home Mortgage Help, Refinance Advice & Home
It is our opinion that borrowing money for a
mortgage refinance or a home purchase will continue to become more
costly with no end in sight. Your best bet is to focus on the fact that interest
rates are historically low and can change quickly based on events that are not lined
up or able to be forecast. If you intend to do a home refinance
or purchase a house, it is up to you whether to lock in your
rate or not.
Risk versus reward for floating and not locking looks like more of a gamble
now than we would like, but not out of the question for those who understand
the risks and have an exit strategy if things do not go their way.
interest rate lock to learn more about locking in your rate.
Lastly, if you need further refinance / mortgage advice, help, or tips, please contact us.
Free online quotes & immediate results - Save time & money - This is a no-obligation service - Solid help & advice.
- Peak Home Loans, trusted since 1998 with hundreds of thousands of satisfied customers.