New Loan Limits - New Loan To Value Limits - New Rates - New Mortgages for CALIFORNIA and ARIZONA

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.

Second Lets Talk New Rates

Fed Announcement as Underwhelming as Expected

Update Issued: 12/11/2019 2:05 PM

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%)