Mortgage Rates See Little Movement

Mortgage Rates Change Little
 

Mortgage Rates See Little Movement

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing mortgage rates little changed after initially easing slightly higher from the previous week.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 4.15 percent, up from 4.12 percent last week. A year ago at this time, the 30-year FRM averaged 4.51 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.24 percent, up from last week when it averaged 3.22 percent. A year ago at this time, the 15-year FRM averaged 3.53 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.99 percent up slightly from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 3.26 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.40 percent up from last week when it averaged 2.38 percent. At this time last year, the 1-year ARM averaged 2.66 percent.

Mortgage rates are slowly on the rise. Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Mortgage rates increased for the week as the labor market appears to be improving. Based on the employment report [PDF], released last week, the U.S. economy added 288,000 jobs in June, gained 224,000 in May and increased by 304,000 in April. Also, the unemployment rate in June fell to 6.1 percent from 6.3 percent in May.”

Original Source: Freddie Mac interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Want to Lock & Shop?

Inlanta is pleased to announce Inlanta Lock & Shop for home buyers who haven’t found a property but want to lock in an interest rate now. This Lock & Shop program is appealing to home buyers who fear a reduction in buying power as mortgage rates increase.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Last year Inlanta Mortgage celebrated its 20th Anniversary. Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders list in 2010, 2011, 2012, and 2013, named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Inlanta Receives Platinum Million Dollar USDA Lender Award

USDA-Award

USDA Platinum Million Dollar USDA Lender Award

USDA Rural Development State Director, Stan Gruszynski, named Inlanta Mortgage as a recipient of the 2013 Platinum Million Dollar USDA Lender Award.

The Award is presented each year to lenders who have partnered with, and made a significant contribution to, supporting Wisconsin rural residents looking to become homeowners through the USDA Guaranteed Rural Housing (GRH) Program.

In fiscal year 2013, Inlanta Mortgage utilized more than $5 million of GRH program funds by financing home purchases to help moderate income families in Wisconsin. More than 3,900 families across Wisconsin were able to purchase a home last year through the GRH loan program, totaling nearly $486.5 million.

“Working with our lending partners across the state, we’ve made a difference to those rural families prepared to realize the responsibility and benefits of owning a home,” said Gruszynski. “The last several years have been challenging for homebuyers in rural communities. By partnering with local lenders we are able to leverage our resources and overcome financial barriers in order to help rural communities move forward.

“We value our partnership with Inlanta Mortgage,” he added, “and commend their achievement and contributions to meeting rural housing goals for Wisconsin.”

USDA Loans Help Rural Families

Inlanta Mortgage is committed to helping meet the needs of rural families across the country. In fact, Inlanta Mortgage Marshfield, Wisconsin Branch Manager, Laura Leonhard, was recognized as the Top USDA Lender in the nation by Scotsman Guide for both 2012 and 2013.

The Million Dollar Lender Award is given at three levels Silver, Gold, and Platinum, based on the total amount of funding utilized by the lender; Silver level disbursed more than $1 million, Gold level disbursed more than $2 million, and Platinum level disbursed more than $5 million during the past year.

About the USDA Loan Program

The GRH program assists homebuyers in obtaining a 30-year fixed rate mortgage without the down payment typically required by conventional lenders and programs. GRH loans are financed through participating lenders, such as banks and credit unions, and are guaranteed by USDA Rural Development. The amount of the mortgage is limited by the applicant’s repayment ability and can be made for up to 100 percent of the appraised value. There are no restrictions on the size or design of the home. Loan closing costs and repairs can often be financed with the home purchase. Eligible areas include rural regions and communities under 20,000 in population, and not part of a larger urban area.

For more information and to check your eligibility for USDA loans, contact a licensed Inlanta Mortgage loan officer near you using our branch locator.

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to more than 30 branches in 16 states and over 200 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage Branch Manager, Laura Leonhard, was recognized as the Top USDA Lender in the nation by Scotsman Guide for both 2012 and 2013. Inlanta Mortgage was named a Top Workplace in 2012 and 2014, has been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders List every year since 2010, Milwaukee Business Journal’s “Top 25 Largest Milwaukee-Area Mortgage Banking Companies,” and Mortgage Executive Magazine’s “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013.

Customer Testimonials for Hales Corners, WI Loan Officers

Hales Corners, WI Mortgage Loans

Customer Testimonials for Hales Corners, Wisconsin Loan Officers

Inlanta Mortgage loan officers strive to provide our customers with the best service available. Our loan officers are dedicated to providing the kind of service that our customers expect and deserve. Here are some great customer testimonials provided by customers for our Hales Corners loan officers.

Tracy Anderson – Hales Corners Branch Manager

“Tracy Anderson and the Inlanta staff were extremely helpful throughout the whole home purchase process. They were always very quick to respond and went above and beyond to help us purchase our home!” – Jennifer M.

“Very happy with their fast and friendly service!” – Denise D.

Lee Lycan – Hales Corners Loan Officer

“I had previously worked with a commercial bank for the loan process, which fell through, and was frustrating in the process and left me very concerned a deal wouldn’t go through. Inlanta came in, being much more responsive than the bank, and remedied the problem in a timely manner, to which I was very relieved. When I had initially went with a commercial bank for a home loan, the deal fell through less than 2 weeks before closing. The Inlanta representative, who was recommended by a friend, was able to step in and pick up where the bank had left off. He was very responsive and able to do the closing without a big delay compared to when the original closing was supposed to happen. The representative also made sure to keep the closing costs and other costs associated with the process very reasonable.” – Anonymous

“I could trust Lee. He sure came through for me.” – Mark G.

Contact a Hales Corners mortgage loan officer by calling 414-425-9555 or visit them online at www.inlanta.com/hales-corners. Testimonials for Hales Corners mortgage loan officers have been published with express permission of the customer.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Last year, Inlanta Mortgage celebrated twenty years in business. Learn more about Inlanta’s twenty year history here.

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae and Freddie Mac, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders list in 2010, 2011, 2012, and 2013, named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Mortgage Rates Little Changed Heading Into Holiday Weekend

Fixed Mortgage Rates Lower
 

Mortgage Rates Little Changed Heading Into Holiday Weekend

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates unchanged or easing slightly lower. Fixed mortgage rates remain lower this week than at the same time last year.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 4.12 percent, down from 4.14 percent last week. A year ago at this time, the 30-year FRM averaged 4.29 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.22 percent, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.39 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.98 percent also unchanged from last week. A year ago, the 5-year ARM averaged 3.10 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.38 percent down slightly from last week when it averaged 2.40 percent. At this time last year, the 1-year ARM averaged 2.66 percent.

Mortgage rates are slowly on the rise. Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Mortgage rates were little changed from the previous week and remain below levels seen the same time last year, which should provide some help with homebuyer affordability in many markets. Recent housing data was better with pending home sales up 6.1 percent in May and overall construction spending [PDF] showing a slight improvement with private residential spending now up 7.5 percent on yearly basis.”

Original Source: Freddie Mac interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Want to Lock & Shop?

Inlanta is pleased to announce Inlanta Lock & Shop for home buyers who haven’t found a property but want to lock in an interest rate now. This Lock & Shop program is appealing to home buyers who fear a reduction in buying power as mortgage rates increase.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Last year Inlanta Mortgage celebrated its 20th Anniversary. Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders list in 2010, 2011, 2012, and 2013, named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Have a Safe & Happy 4th of July

4th-of-July

Independence Day

The Fourth of July, or Independence Day, is a federal holiday that celebrates the adoption of the Declaration of Independence on July 4, 1776. In America, we celebrate this glorious day with picnics, barbecues, fireworks and the good ole red, white and blue. Whatever way you celebrate, we wish you safety and happiness.

Safety Tips 4th of July

With more than 35 million people traveling over the 4th of July weekend, it pays to plan extra time for travel and consider the following safety tips:

  • Check vehicle tires (including spare) and fluid levels before any road trip.
  • Pack an emergency kit with flashlight, jumper cables, water, sunscreen, and commonly used tools
  • Stay focused – No texting and take breaks if you feel drowsy. Do not drink and drive.
  • Barbecue in your plans? Remember to keep food items properly chilled or heated, covered, and avoid cross contamination with raw meats.
  • Swimming? Always swim with a buddy and never leave children in water unattended.

Other great safety resources include the American Red Cross, the National Highway Traffic Safety Administration, and the Centers for Disease Control and Prevention.

Fun Facts 4th of July

  • “Americans began observing the Fourth of July as early as 1777, when the first-ever major celebration in Philadelphia included a parade, a thirteen-shot cannon salute and fireworks, but Congress didn’t make it official until 1870, when it was part of a bill passed to recognize major state holidays at a federal level — like Independence Day, Christmas and New Year’s Day,” according to TIME magazine.
  • Also according to TIME magazine, July Fourth is the “biggest hot dog holiday of the year.” Americans reportedly consuming about 155 million of them on Independence Day alone.
  • According to the American Pyrotechnics Association, more than 14,000 fireworks displays light up skies across the country on July 4. Most fireworks stores spend 11 months of the year planning for the holiday, which accounts for roughly 75 percent of the industry’s yearly revenue. Congress first authorized the use of fireworks for Independence Day celebrations on July 4, 1777, but the tradition truly stems from the mid-19th century when explosives leftover from war were set off to celebrate the day.(Source: Heavy.com)

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Last year, Inlanta Mortgage celebrated twenty years in business. Learn more about Inlanta’s twenty year history here.

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae and Freddie Mac, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders list in 2010, 2011, 2012, and 2013, named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.