What is the “best rate” at any given time?

I get a lot of questions from customers regarding what they’ve read on the internet or seen on TV regarding interest rates. Today a customer asked me “I saw that 30 year fixed rates are 3.75%, why is my rate 4%?” Well, there are a lot of factors that go into deriving a rate. Those […]

Mortgage Rates Continue to New November Lows

by: Matthew Graham Mortgage Rates Continue to New November Lows Nov 17 2014, 3:42PM Mortgage rates moved moderately lower again today, setting another new low for the month of November.  That said, the movement has been primarily restricted to the upfront costs associated with the same old rates.  In other words, the most prevalent contract […]

Lender Pricing Pulls Back Ahead of 3 Day Weekend

by: Victor Burek Oct 10 2014, 4:42PM Mortgage backed securities and treasuries opened in opposite directions this morning.   MBS opened a few ticks worse than yesterday, while the benchmark 10 year treasury note opened at 2.30, down from yesterday’s close of 2.32.  The early morning weakness with MBS resulted in lenders worsening rate sheets. The […]

Now licensed in Idaho!

After our long wait with the Idaho Division of Banking, we have received our approval to lend in our neighbor to the north and south! We have a lot of customers with lending needs in Idaho. Up til now, we have helped to guide them to a suitable lender who can meet their financing needs. […]

Mortgage Rates Little Changed After Yesterday’s Big Drop

by: Matthew Graham Mortgage Rates Little Changed After Yesterday’s Big Drop Oct 2 2014, 3:13PM Mortgage rates were mixed today, depending on the lender.  Some rate sheets were slightly better or worse than yesterday’s latest, but the broader average was unchanged.  This happened in spite of weakness in bond markets.  This includes mortgage-backed-securities (MBS), the […]

Montana Mortgage Rates Update

by: Matthew Graham Mortgage Rates Improve Modestly Before Important Fed Announcement Daily Montana Mortgage Rates Update Sep 16 2014, 3:12PM Mortgage rates experienced their first genuine improvement of the month today.  The gains were nothing if not very small, but they ended an uncommonly long 11 business day streak of sideways to higher rates. 4.25% […]

Mortgage Rates Near 1-Month Highs – Bozeman Mortgage Rates Update

by: Matthew Graham Mortgage Rates Near 1-Month Highs Bozeman Mortgage Rates Update Sep 9 2014, 3:12PM Mortgage rates finally delivered  an unequivocal performance today.  Unfortunately, it wasn’t the kind we were hoping for.  Rates moved higher at their fastest pace in weeks, reaching levels not seen since early August.  To put that in context, however, […]

New Mortgage App for when you are on the go!

We’ve recently signed up with a great new tool. Its called Mortgage Mapp. Open the link from your smartphone and you have the ability to search loan scenarios, apply online or ask us questions. Visit www.caroline.mortgagemapp.com from your smartphone and you are ready to download this very useful new tool! You can even share it. […]