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 rates remain 4.0% […]

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 only economic data […]

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 bonds that most […]

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% remains as the most […]

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, many borrowers will STILL […]

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. […]

By |August 18th, 2014|Blog, Home Buying, Home Selling, Loan Processor, Montana Mortgage Loan Programs|Comments Off on New Mortgage App for when you are on the go!