What Makes Peak Home Loans Different From All Other Mortgage Broker Companies? First, we're experts in helping those with less-than-perfect credit. We provide affordable mortgages with minimum credit scores. That makes sense to us because who has perfect credit without an issue or two? Second, we asked ourselves... Why Don't We Specialize in Getting Mortgage Applicants Without Perfect Credit Approved? And Why Don't We Get Them the Same Great Rates and Terms as Those With Great Credit? Well since 2004, that's be our sole mission. And we've finally put the final pieces of the puzzle in place for you. We just assembled the ultimate state-of-the-art home lending network in the United States. This guarantees everyone the lowest rate and best terms regardless of their credit history.
We are rated A+, "Highest", by the Better Business Bureau™. That means our network of lenders will provide a fair and fast, hassle-free mortgage with easy approval for those with all credit histories. So, get approved now! We work around less-than-perfect credit and reward those with good credit. 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 Guarantee to Make Your Next Mortgage "Easy".
Today's Mortgage News Brought To You By Peak Home Loans
Tuesday, May 03, 2016 (updated daily)
Mortgage rates continue to move higher this week caused by global market concerns in Europe re-surfacing and US government bond yields moving up. The housing market's recovery is slowing as far as sales and home prices go. Latest reports show sales of existing homes increased slightly from an annual rate of 5.45 million in December to 5.47 million in January, only a 0.4% decrease. New home sales were down 9.2%. Average US home prices fell 3.8% to $253.8k on a seasonally-adjusted basis for the same period. US Treasury rates rose this week from 1.83% to 1.93%. And as we know, mortgage rates increase when Treasury bond rates increase. Mortgage applications rose 0.2% this week compared with the last week, according to the Mortgage Bankers Association's (MBA). Home purchases rose 4.2%% but refinance mortgages fell by 2.3%.
It's normal to see an increase in home purchases and mortgage refinancing this time of the year due to the lower home mortgage rates; but as we can see, this is not the case. And these low rates may not be around for long, volatility is always just around the corner. Recent events put today's average 30-year fixed-rate conventional loan at 3.68%, up 4 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 guaranteeing against any rate increase that would cause your monthly payments to go up in the future.
According to a survey of our home loan experts, for the upcoming week, Tuesday, May 03, 2016 to Monday, May 09, 2016, 73 percent believe home loan and refinance mortgage rates will rise over the next week, 18 percent think mortgage and refinance rates will fall, and 9 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 4 basis points and 62 percent picked correctly. As you can see, mortgage experts believe rates might rise again this coming week, you may want to act accordingly. Currently, we at Peak Home Loans suggest locking in your mortgage NOW before rates rise out of sight. Better be safe than sorry.
"Our well-qualified mortgage experts will do whatever it takes to get you the loan you want with the best rate available, the lowest monthly payment, and the most cash if you need cash. We will work around less than perfect credit and reward those with good credit. We will do what others cannot." - Peak Home Loans, hundreds of thousands served since 1998.