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This home loan exec’s opposition to Quicken Loans is really a head-scratcher

This home loan exec’s opposition to Quicken Loans is really a head-scratcher

Agents take into account 26% regarding the loan providers’ mortgage volume, so just why say no?

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What’s up with home loan rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel offers us their simply take.

Price news summary

From Freddie Mac’s regular survey: The 30-year fixed price averaged 3.75%, up 6 basis points from a week ago. The 15-year rate that is fixed 3.18%, up 3 basis points from the other day.

The Mortgage Bankers Association reported an 11.9% decline in application for the loan amount from the week that is previous.

Important thing: Assuming a debtor gets the normal 30-year rate that is fixed a conforming $484,350 loan, last year’s re payment had been $316 more than this week’s payment of $2,243.