Interest Rates Update

Interest Rates Update

Here is your update on mortgage interest rates: Recently, the chatter is that the Feds are saying there is a 100% chance that rates will go up on March 21st. FHA has interest rates currently in the mid 4's and Conventional interest rates are in the high 4's to low 5's. Rates are rising for the following reasons: Strength in labor market, evidence of rising inflation, strength in the global economy, and recent stimulative fiscal policy such as tax reform.

Another great program New American Funding offers is our VA home loan. To qualify, you must be active duty, reserves, or a veteran. The VA loan offers $0 down payment and no monthly mortgage insurance. In some cases, New American Funding is able to offer this loan with $0 out of pocket. Press the contact me button to ask me how!

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Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS ID#6606. New American Funding. New American and New American Funding are registered trademarks of Broker Solutions INC. dba New American Funding. All Rights Reserved. Corporate Office located at 14511 Myford Road, Suite 100, Tustin CA 92780 . Phone (800) 450-2010 . (04/2016)