Mortgage Prequalification vs. Mortgage Preapproval

Mortgage prequalification is an assessment of whether your debt-to-income ratio fits underwriting guidelines for one of the many types of home loans that we offer. It also provides an estimate of how much you may be able to borrow – a good first step in the house-hunting process.

While this number is informative, keep in mind […]

Bozeman Home Loan Mortgage Rates Back to 2014 Lows

by: Matthew Graham
Mortgage Rates Back to 2014 Lows

Bozeman Home Loan Mortgage Rates

Dec 10 2014, 3:59PM

Mortgage rates moved only slightly lower today, but it was enough to bring the end-of-day average to the lowest in more than a year an a half.  For the record, there were lower rates available on the morning of October 15th, […]

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 Improve Ahead of Important Jobs Data

by: Matthew Graham
Mortgage Rates Improve Ahead of Important Jobs Data
Dec 4 2014, 3:47PM

Mortgage rates recovered some recently lost territory today following a press conference with European Central Bank (ECB) President Mario Draghi.  While domestic mortgage rates are several degrees of removed from European monetary policy, there’s an undeniable connection.  Many market participants expected more concrete […]

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% […]

Bozeman Home Loan Rate Update

Bozeman Home Loan Rate Update
by: Matthew Graham
Mortgage Rates Holding Near 4 Percent

Oct 27 2014, 3:47PM

Mortgage rates were almost perfectly unchanged over the weekend.  Most lenders are still right in line with Friday’s most prevalently-quoted conforming 30yr fixed rate of 4.0% for top tier borrowers.  That said, most of those rate sheets also still have reasonable […]

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 […]

Mortgage Rates Recover Slightly – Bozeman Mortgage Rates

by: Matthew Graham
Mortgage Rates Recover Slightly

Sep 19 2014, 3:18PM

Mortgage rates moved slightly lower today after hitting the highest levels in more than 4 months yesterday.  There were no significant economic events providing guidance today.  This actually makes the strength more meaningful as the absence of big-ticket events left bond markets to their own devices.  In […]