Our California Mortgage Outlook for this week remains strong (ie low rates continue). The past few Fridays, the mortgage bond market has been a little erratic, only to correct on Monday following the weekend. Holiday weekends always create a little action up or down in the markets, but the last two weeks action on Fridays leads me to believe that rates are ready to rise anytime. This will undoubtedly come without warning.
If you want to save money on your current loan, or purchase a home, there has never been a better time to purchase or refinance in California.
It is also important to consider Streamline Refinancing your FHA Loan now, as rates have never been lower and MIP changes are coming in early October which will make a FHA Streamline Refinance a little more expensive. In this article, we examined and discussed the reasons to Streamline your FHA Loan now.
The following types of loans would benefit from getting started this week:
- FHA loans -Purchase, Refinance, or Streamline Refinance
- VA Loans - Purchase, Refinance, or Streamline Refinance
- Conforming Loans for purchase or refinance
- Fannie Mae and Freddie Mac HARP loans - DU Refi + and Freddie Open Acceess -High Balance too
- FHA Jumbo - Purchase, Refinance, or Streamline Refinance
- VA Jumbo - Purchase, Refinance, or Streamline Refinance
- Conforming Jumbo loans for Purchase or Refinance
