Roland's Rate

Could a refinance help you? Let’s have a conversation.

✔️Consolidated debt
✔️Lower payment
✔️Purchase an investment property
✔️Cancel mortgage insurance

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.

Thats quite an increase. What are your thoughts? Let me know if you want to chat about buying your next home. 🏡

FHA made several changes to the handbook, which I am sure we will get more as they are implemented.

However two I am going to put into change now are:
Large deposits - instead of using 1% of the purchase price they are now using 50% of the qualifying income. However please note that they continue to add the requirement of if the borrower has deposit(s) that are not in line with earnings and or savings pattern to source them.
This means that several deposits made on same day or within 2-3 days should be counted as one deposit.
escalate this as needed when not sure.

Let me know if you have further questions about what this means or how this may affect your purchase.

Lock’em if you gottem

Another major interest rate hike is coming from the Federal Reserve: Here are 5 ways it could affect you The U.S. central bank has indicated another major increase in interest rates is coming as it tries to get runaway inflation in check.

What Is an Escalation Clause and When Should You Use One? What is an escalation clause? When you're deciding on what price to offer on a home, the situation may call for this kind of clause.

Earlier this year I had some buyer’s question if low 4’s was a good rate. Now it looks like a steal.

The 'housing correction' to intensify as mortgage rates top 6% and notch the biggest jump since 1981v We haven't seen mortgage rates go up this fast since 1981—a year that saw mortgage rates top 18%.