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 Promise to Make Your Next Mortgage "Easy".
Today's Mortgage News Brought To You By Peak Home Loans
Saturday, February 06, 2016 (updated daily)
Mortgage rates remained flat this week in spite of global market concerns re-surfacing and government bond yields moving down. The housing market's recovery is slowing as far as sales go, but home prices are moving slightly higher. Latest reports show sales of existing homes fell from a seasonally-adjusted annual rate of 5.55 million in September to 5.36 million in October, a 3.4% decrease. Average US home prices remained at $231k on a seasonally-adjusted basis from September to October. US Treasury rates fell this week from 2.26% to 2.22%. And as we know, mortgage rates fall when Treasury bond rates fall.
Mortgage applications fell 3.2% this week compared with the last week, according to the Mortgage Bankers Association's (MBA). Home purchases were down 1.0% and refinance mortgages fell by 5.0%. 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 3.95%, down 2 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.
According to a survey of our home loan experts, for the upcoming week, Saturday, February 06, 2016 to Friday, February 12, 2016, 13 percent believe home loan and refinance mortgage rates will rise over the next week, 28 percent think mortgage and refinance rates will fall, and 59 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 2 basis point (relatively unchanged) and 62 percent picked correctly. As you can see, mortgage experts believe rates might fall again this coming week, you may want to act accordingly.
"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.