This is a brand new and exciting offer for those seeking a new home mortgage, or to refinance their existing home. Peak Home Loans is now driven by the most powerful, efficient, and professional home lending network in the United States. We are rated A+, "Highest", by the Better Business Bureau™. Our Google reviews have a rating of 4.9 stars, based on 2336 reviews. We process loans nationwide through a network of state licensed brokers. So for proper routing and banking compliance, kindly fill out our Short Form. In less than 48 hours, a qualified and professional home loan representative from your state will contact you with the results of your form in front of them. You will be informed of every loan option you have available. Choose the one that best suits your needs. Except for closing, the entire home loan process will take place online, at your pace, in the comfort of your location.
Our network of lenders will provide a fair and fast, hassle-free mortgage, with easy approval for those with all credit. We guarantee great low rates, competitive closing costs, little or no fees, and very attractive terms. Get the best deal you can, whether through us or somewhere else, but at least compare our offer. We get done what others cannot. And 'we beat other guy's rate... every time.' Get Instant Online Quotes - Save Time & Money - You Have Nothing To Lose - This Is A Free, No-Obligation Service. We promise to make you next mortgage "easy".
Today's Mortgage News Brought To You By Peak Home Loans
Wednesday, May 27, 2015 (updated daily)
Mortgage Refinance & Home Purchase Rates Rise Slightly Despite Poor Economic Data
Home purchase loans and mortgage refinancing rates rose this week in spite of the poor economic data from April. New jobs are down, housing starts fell dramatically, and mortgage applications were down as well. US GDP for the first quarter of 2015 increased minimally at best. According to Mr. Rehling at the Fed, "Given the recent weak economic data, I think rates will start to trend lower rather than higher.
This is a good opportunity for homeowners who think they can reduce their interest rate and you can recoup the cost of refinancing in the next year or so to look into refinancing. Or, if you have the money for a down payment on a new home, now is the time to buy and lock in your rate. If you missed the low rates of 2013, now may be your chance to lock in a low rate for the next 30 years. These low rates are probably not going to last long though.
These recent events put today's average 30-year fixed-rate conventional loan at 3.68%, down 3 basis points from last week. It may be wise to lock in your rate now (rather than floating) and refinance your mortgage, or buy a new home now, thus avoiding any rate increase that would cause your monthly payments to go up in the future.
For The Week Ending Wednesday, May 27, 2015:
- Thirty-year fixed-rate-mortgages (FRM's) averaged 3.68% with 2.41 discount and origination points. That's up 3 basis point from a week ago. At this time one week ago, the thirty-year FRM was approximately 3.65%, one year ago 4.29%. Today, your average payment on a $100k mortgage would be $459.00 per month, plus taxes and insurance.
- Fifteen-year fixed-rate-mortgages (FRM's) are 2.94% for the week. That is up 2 basis point from a week ago, a year ago the rate was 3.88% . Your monthly payment on a $100k refinance or new mortgage over 15 years would be $688.00, not including insurance and taxes.
- Five-year adjustable-rate-mortgages (ARM's) averaged 2.85%. That is up 1 basis point from the same time a week ago when they were 2.84%, a year ago 3.05%. For example, your monthly payment on a $100,000.00 new home loan or mortgage refinance over the first 5 years would be $413.00 principal and interest only, homeowners insurance and property taxes will be added.
Home Mortgage Interest Rate Trend Prediction For The Upcoming Week:
According to a survey of our home loan experts, for the upcoming week, Wednesday, May 27, 2015 to Tuesday, June 02, 2015, 28 percent believe home loan and refinance mortgage rates will rise over the next week, 50 percent think mortgage and refinance rates will fall, and 22 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 up 3 basis points and 64 percent picked correctly. As you can see, mortgage experts believe rates might fall this coming week, you may want to act accordingly.
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.