Latest Pros and Cons on Housing and Rates

Home sales numbers and other housing-related data have been hot topics of conversation recently. Some say positive housing trends are over.  Others say it’s no big deal.  The truth continues to be somewhere in between. It’s clear that we’ve turned some sort of corner when it comes to the housing market for 3 reasons: 1. Existing Sales weakness […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]