First Lets Talk New Loan To Value without MI for Investment and Primary Homes.
This is huge!!! Riverside County and San Diego, to name a couple, huge benefit!
$850k purchase price, 10% down financing $765k with no Mortgage Insurance!
The rate is 4.625% but that’s not bad…. Payment would be
$3933 P/I
Now is the time to take advantage of this, keep in mind, this is not for cashout refi only purchase
and rate and term refinances.
LTV
INCREASED TO 90% FOR RATE AND TERM REFINANCES AND NOW AVAILABLE FOR INVESTMENT
PROPERTIES UP TO 80% LTV
Our High Balance Nationwide program was created to help you offer you conventional pricing and turn times on loans that would
otherwise be Jumbo — and now we’re expanding it. Starting today, High Balance
Nationwide goes to 90% LTV on regular rate and term refinances and purchases,
plus we’re including investment properties up to 80% LTV.
- Loan
amounts from $510,401 to $765,600
- Minimum
680 FICO
- 30-year
fixed term only
- Escrow
waivers up to 90% LTV (80% LTV in NM)
- Easier
guidelines, better pricing and faster turn times than Jumbo loans
If
you haven’t taken advantage of our High Balance Nationwide program, now is a
great time to start. For additional details or if you have any questions,
call me on my direct line at 714-684-6903 or email me at mhansen@optimumfirst.com or 123@soez.tv.
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Second Lets Talk New Rates
Fed Announcement as
Underwhelming as Expected
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Update Issued: 12/11/2019 2:05 PM
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Bonds are little-changed so far. If there's been any
reaction, it's slightly weaker. More on that in the next update.
For now, here are the bullet points:
- FED KEEPS TARGET INTEREST RATE UNCHANGED AT
1.50-1.75%, SEES NO CHANGE IN RATES IN 2020
- FED MAINTAINS INTEREST ON EXCESS RESERVES RATE AT
1.55%
- FED SAYS JUDGES THAT CURRENT STANCE OF MONETARY
POLICY IS APPROPRIATE TO MAINTAIN U.S. ECONOMIC EXPANSION AND INFLATION
AND EMPLOYMENT GOALS
- FED DROPS LANGUAGE FROM PRIOR STATEMENT THAT
'UNCERTAINTIES ABOUT THIS OUTLOOK REMAIN'
- FED SAYS WILL CONTINUE TO MONITOR INCOMING DATA,
INCLUDING GLOBAL DEVELOPMENTS AND MUTED INFLATION PRESSURES
- FED REPEATS JOBS GAINS SOLID, INFLATION STILL BELOW
TARGET
- FED VOTE IN FAVOR OF POLICY WAS UNANIMOUS
And here are the updated economic projections:
- U.S. FEDERAL RESERVE'S MEDIAN VIEW OF APPROPRIATE FED
FUNDS RATE AT END-2019 1.6% (PREV 1.9%)
- AT END-2020 1.6% (PREV 1.9%)
- AT END-2021 1.9% (PREV 2.1%)
- AT END-2022 2.1% (PREV 2.4%)
- IN LONGER RUN 2.5% (PREV 2.5%)
- MEDIAN FORECAST OF FED POLICYMAKERS IS FOR NO CHANGE
IN RATES IN 2020, 13 OF 17 SEE RATES UNCHANGED, FOUR SEE ONE RATE HIKE
- MEDIAN FORECAST OF FED POLICYMAKERS IS FOR ONE RATE
HIKE IN EACH 2021 AND 2022 BUT INDIVIDUAL FORECASTS VARY WIDELY
- FED KEEPS FORECASTS UNCHANGED FOR INFLATION, GDP OVER
FORECAST HORIZON, SEES LOWER JOBLESS RATE THAN IN SEPTEMBER PROJECTIONS
- MEDIAN FED LONG-RUN FORECASTS - GDP GROWTH 1.9% (PREV
1.9%); JOBLESS RATE 4.1% (PREV 4.2%); PCE PRICE INDEX 2.0% (PREV 2.0%)
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