Wednesday May 4, 2022 Jerome Powell and the Federal Reserve announced their short term interest rate hike of +0.50%. This brings the Fed Funds Rate to a range of 0.75% – 1.00%. Previous commentary about rate hikes through 2022, and possibly into 2023, remain in place as the Federal Reserve desperately attempts to cool and control continuous inflation across the economy.
It is all but set in stone that the Fed will raise their short-term rate in March. During testimony on Wednesday March 2, 2022 Fed Chairman Jerome Powell said he still sees interest rate hikes up ahead as “implications for the U.S. economy are highly uncertain” from the Ukraine war.
Expected to be announced November 1, 2021, the projected Conforming Loan Limit for 2022 will be $625,000 for a single unit property. This is great news for many of you aspiring homebuyers who would like to get that “conforming interest rate” at what would have formerly been considered a high balance loan amount.
Mortgage insurance is an insurance policy which protects the lender who issues your mortgage. This policy reduces the risk they take in funding mortgage loans to buyers or refinancers with less than 20% equity in their home.
Finding a mortgage lender online is honestly very easy, but is this the right way to find a local mortgage expert? The short answer is, yes it can be
The initial creation of VA Home Loan Benefit was a historic move in the effort to create homeownership for armed forces members. The original Servicemen’s Readjustment Act was passed by the United States Congress in 1944, which opened the doors for servicemembers to more easily achieve access to homeownership.
Mortgage Heroes located in Chula Vista, CA is a family owned and operated mortgage company. Mortgage Heroes offers residential mortgage financing for purchase, rate & term refinance, and cash out refinance.
A Chula Vista mortgage lender is a key partner in your overall financial plan of action. Choosing the right mortgage lender can make all the difference in obtaining a home or advancing your position in real estate by refinancing your home.