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Mortgage News Feed
Ellie Mae earnings highlight big bank exit from mortgage business
Ellie Mae's latest earning results further confirmed the growing dominance of large and mid-sized nonbank lenders in the mortgage industry as big banks pull away from originations. Jonathan Corr, president and CEO of Ellie Mae, said in its fourth …

Consumers Keep Getting It Wrong About Mortgage Rates
According to Fannie Mae's most recent National Housing Survey, 57% of consumers think mortgage rates will be higher one year from today, and another 38 percent believe rates will remain near their current range. The survey, which covers 1,000 …

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NOT ALL RATES ARE CREATED EQUAL!  ALL rates are dependent on each of the following loan factors: loan amount, loan-to-value, occupancy status, loan term, credit score, whether you want to pay all, some or no closing costs, special loan feature buyouts (such as waiving escrows or requesting cash out) and whether you are purchasing or refinancing a home.  If you do not factor in all of these items when inquiring about a rate, you could be getting set up for a misleading rate quote.  Just comparing online rates without loan specifics as we offer in our Custom Rate SearchTool above, is where the inaccuracy can begin.  Accurate details are the key to financing transparency.

 

1st Rate Mortgage Services, LLC NMLS #216585
327 Dahlonega St., Suite 104 B, Cumming, GA  30040
Office:  (770) 334-8451 Ext. 101
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