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Mortgage & Refinance Specialist


Posts in Category: Mortgage Rates

2020 Loan Limits

Recently the Federal Housing Finance Agency (FHFA) announced that conforming loan limits will be increased for 2020. The maximum amount for the lower 48 states for one-unit properties will be raised to $510,400 from $484,350. In high-cost counties, such as Orange County, the maximum high-balance mortgage will be $765,600, up from $726,525. This is good… read more

June 20, 2019 Mortgage Rate Update

This month mortgage interest rates have mostly paused their steady decline for now. While the Federal Reserve did not cut interest rates at their most recent meeting, they did indicate a willingness to reduce rates in the future. Economic data has not been as strong this year and concerns led them to change their assessment… read more

Rising Rates and Home Values Part 2

Rising Rates and Home Values Part 2 Shannon Gray – Thursday, June 28, 2018 As Charles Dickens famously wrote, “It was the best of times. It was the worst of times.” If you are a homeowner today, “the best of times” rings true since your home has probably appreciated in value and you most likely… read more

2018 Orange County Loan Limits

2018 Orange County Loan Limits Shannon Gray – Thursday, December 07, 2017 Fannie Mae and Freddie Mac announced they will be raising their loan limits for 2018. Typically, loan limits are raised when median home prices are increasing, which was obviously the case in 2017. The limit is increasing from $424,100 to $453,100 for a… read more

Flex-Term Refinancing

Shannon Gray – Monday, September 25, 2017 A common argument against refinancing a mortgage is that it seems like a backward movement, as the clock is “restarted” with a new 30, 20, or 15 year loan. But there’s a way to move forward by refinancing into a new loan without restarting the term. We call… read more

Change is in the Air

Shannon Gray – Monday, July 18, 2016 Repair. Improve. Upgrade. Have you noticed? Construction crews seem to be everywhere lately. With real estate values up and the economy performing relatively well, many homeowners are looking to spruce up their homes, rather than selling and buying another home. Steven Thomas, a California Real Estate Broker who… read more

Will Mortgage Interest Rates Increase?

Shannon Gray – Wednesday, June 22, 2016 The Federal Reserve members are showing strong indications that they will begin to raise the Federal Funds Rate in December, which has held the effective rate at zero for seven years. Many people are confused as to the Fed’s impact on mortgage interest rates. While the Federal Reserve… read more

Piggyback Mortgage

Shannon Gray – Wednesday, June 22, 2016 Piggyback Mortgage Are you looking to purchase or refinance a home and would like to finance more than 80% of the value of the property? More options are becoming available. In addition to loans with Private Mortgage Insurance (PMI) or Lender Paid Mortgage Insurance (LPMI), some borrowers now… read more

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