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This Article Is About Condotel Mortgage Rates And Condotel Loan Guidelines. A condotel, or a condo-hotel, is a condominium unit located within a hotel or a hotel-like condominium project. Major hotel brands such as Marriott Hotels, Hyatt Hotels, and Trump Hotels often include condotels in their hotel complexes. Condotels are owned by individuals, investors, or…
Deciding whether to go with an FHA loan or a conventional loan in Florida isn’t just about the interest rate you find online. For many borrowers—especially with credit scores in the 620–680 range—the “cheaper” option on paper can end up costing more each month once you factor in mortgage insurance (PMI vs. FHA MIP), loan-level…
Quick Answer (who this is for + what “best rate” really means) This guide is for California homebuyers and homeowners refinancing who want to save real money by shopping for the best mortgage rates the right way. In a high-balance market like California, the “best rate” isn’t just the lowest number in an ad—it’s the…
This Article Is About Understanding VA Mortgage Rates And Loan Level Pricing Adjustments VA loans are the best home mortgage program in the United States. The government has created and launched VA loans decades ago to reward qualified members of our U.S. Military to reward them for their service to our country. Only select qualified…
If you’re shopping for a home, refinancing, or advising clients, you’ve probably noticed that the first Friday of the month can swing interest rates more than any other day. That’s no coincidence. The U.S. Bureau of Labor Statistics (BLS) drops the Employment Situation report—also known as the “jobs report”—at 8:30 a.m. ET, and bond traders…
Why You Should Care About the Producer Price Index (PPI) Mortgage rates don’t move randomly. They rise and fall based on inflation, bond markets, and Federal Reserve policy. One of the strongest signals that experts watch is the Producer Price Index (PPI). If you’ve ever asked yourself how PPI affects mortgage rates, the answer is…
How Does the Federal Reserve Affect Mortgage Rates? [2025 Guide for Homebuyers] How does the Federal Reserve affect mortgage rates? You’re not alone. Whether you’re thinking of buying your first home, refinancing your current mortgage, or simply trying to understand why rates keep changing, this guide will break it down in plain English. At Gustan…
In this article, we will discuss and cover refinance mortgage rates pricing adjustments, and volatility. Refinance Mortgage Rates hit a three-year high this week. Rates hit a historic low of 2.25% on a 30-year fixed-rate mortgage in 2019. Mortgage rates skyrocketed to a three-year high of 7.25% in 2024. Since the beginning of the year,…
Cash-out refinance mortgage rates are higher than rate and term refinance rates. Cash-out mortgage rates are substantially higher for homeowners with lower credit scores. The combination of historic high home prices and record-low mortgage rates is fueling many Americans to do a cash-out refinance mortgage loan and tap into their home equity. Cash-Out Refinance Mortgage…
This guide covers FHA versus conforming mortgage rates. There are several types of mortgage loan programs: two types of home loan programs: Government loans: FHA, VA, and USDA loans. Conventional loans. Traditional and non-traditional jumbo loans. Non-QM loans. There are three types of government loans: FHA home loans VA loans USDA loans Conventional loans are…
How does strong dollar pushes mortgage rates lower? The surge in the U.S. dollar’s value is making waves across global financial market and it’s bringing an advantage for homebuyers which is falling mortgage rates. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about how the strong dollar pushes mortgage…
This guide covers tips in getting the lowest mortgage rates Florida. Borrowers who are thinking of getting a mortgage with lowest mortgage rates Florida should optimize their credit scores before applying. Majority of mortgage companies that advertise on television, radio, or newspaper often lure potential borrowers with claiming they have the best mortgage rates Florida….
This guide covers how to get the lowest mortgage rates on home loans. Mortgage loan officers who have been in the business for several years will tell you the number one question they hear is, “What are your rates today?” And it’s also typical for consumers to begin shopping around for a mortgage company. One…
This guide will cover the rise in mortgage rates for seven consecutive weeks with no sign of a correction. Mortgage rates rise again for seven consecutive weeks, without signs of turning back. Mortgage rates hit record highs in April. Instead of a rate correction, rates increased in April to set all-time highs. Common sense dictates…
Will mortgage rates rise or will there be a correction in 2025? With interest rates and home prices at the top of mind for both homebuyers and real estate investors, many are asking the big question. While no one can predict the future with 100% certainty, we can examine market trends, economic indicators, and expert…
Securing a mortgage with bad credit or a low credit score may be difficult, but it is still achievable. While traditional lenders may hesitate to approve borrowers with credit issues, specialized loan programs are designed for those with less-than-perfect credit. However, the mortgage interest rate plays a crucial role in determining affordability. In this article,…
ThIs guide covers housing numbers increase despite higher mortgage rates. This guide is an update of the original guide on housing numbers increase despite higher mortgage rates that was written on 2017. Improving the Mortgage Approach Having advanced in automation and other technologies for mortgages, it is now quicker and easier to close loans: Moving…
Understanding Discount Points: Your Key to Big Savings on Your Mortgage When exploring your mortgage options, “discount points” often pop up. What are they? Simply put, discount points are a way to pay down your mortgage rate, potentially saving you thousands of dollars over the life of your loan. This detailed guide will thoroughly explore…
This guide guide covers how home prices are increasing despite higher mortgage rates. All indicators point to a housing bubble. The real estate boom we have experienced since 2019 is like no other housing explosing since the housing market peaked in 2005-06. HUD and the FHFA have increased loan limits for eight years in a…
This guide covers FHA versus conventional mortgage rates on purchase and refinances transactions. One of the most common questions the team at Gustan Cho Associates is how are FHA versus Conventional mortgage rates. Not all borrowers get the same mortgage rates. Prime borrowers will get the best mortgage rates and terms. Prime borrowers have at…
This Article Is About How Credit Scores Affect Mortgage Rates When Locking Loan Mortgage Rates have dropped 0.25% after the sudden surge in recent weeks. Many borrowers in recent weeks were alarmed due to the sudden surge of rates. Now is the opportunity to lock in rates. How much lower will rates go? Nobody has…
Non-QM mortgage rates are determined by the down payment, credit scores, credit history of the borrower, and type of property. The higher the credit score and the higher the down payment, the lower the mortgage rates.
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