Mortgage Rates Decline Further

Mortgage Rates Hit New Lows
 

Mortgage Rates Decline Further

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates hitting fresh lows for the year for the second consecutive week amid declining bond yields. At 3.92 percent the average 30-year fixed rate is at its lowest level since the week of June 6, 2013.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 3.92 percent, down from last week when it averaged 3.97 percent. A year ago at this time, the 30-year FRM averaged 4.13 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.08 percent, down from last week when it averaged 3.18 percent. A year ago at this time, the 15-year FRM averaged 3.24 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.91 percent, down slightly from last week when it averaged 2.92 percent. A year ago, the 5-year ARM averaged 3.00 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.41 percent, up from last week when it averaged 2.38 percent. At this time last year, the 1-year ARM averaged 2.60 percent.

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:

“Fixed mortgage rates continued to fall this week after the yield on 10 year Treasuries dropped to their lowest point of the year. Existing home sales beat expectations in September clocking in at an annual rate of 5.17 million units, up 2.4 percent from August. Housing starts [PDF] were up 6.3 percent in September adding a seasonally adjusted annual rate of 1.017 million units. Building permits rose 1.5 percent to a seasonally adjusted annual rate of 1.018 million units in September.”

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 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.

Myths About Refinancing

Refi-Myths-Debunked

Mortgage Rates Drop – Many Question Refinancing

Last week, Freddie Mac posted the results of its Primary Mortgage Market Survey® announcing that mortgage rates have dipped to their lowest point since June of 2013. That begs the question, “Should I refinance?”

There is a lot of false information about refinancing floating around out there. Here are a few refinancing myths debunked that will hopefully encourage you to call your licensed Inlanta Mortgage loan officer. Inlanta loan officers are trained to assess your situation and give you straight up advice about your home financing situation. Find a loan officer near you using our branch locator for a free loan review to determine your potential savings and benefits.

Refinancing Myths Debunked

  1. “I’ve read that the rate needs to be 1% or 2% lower than my current one.” – When average loan amounts were much lower, it took a much bigger drop in rates to achieve tangible savings. Today, even small rate differences can make a big impact. The best way to determine value is to simply divide your costs by your savings. This provides a “break-even” period, and if you know you’ll be using your loan past this point, the rest is pure benefit.
  2. “I haven’t yet reached the break-even point from my last refi.” – That may be okay. Refinancing again will require additional investment, but it could get you to an overall break-even point—and greater savings—more quickly.
  3. “I don’t want to add years back to my loan.” – One of the benefits of the current rate market, is it can provide the opportunity to lower the term of your loan, paying your house off sooner and with less interest cost. If lowering your term is not your preference, keep in mind the new loan term created when you refinance is only on paper. You determine the actual length of the loan by how much you pay. If lowering your interest rate saves you $100 per month, add that money to your new payment. You will reduce your balance more quickly and reach free and clear ownership faster than you would by keeping your current loan.
  4. “It’s too expensive. I’d rather save my money.” – Refinancing is all about saving money! The historically low interest rates that make refinancing such a good deal right now also make “saving” your money in the bank a lousy one. Banks are paying just fractions of a percent to hold your cash, but investing in a refinance could save you hundreds of dollars per month for a far greater yield on your cash.

Refinancing can have other benefits, too. A lower rate may mean not only a smaller payment but more paid toward principal each month, too. You may be able to free up cash for renovating your home, financing a college education, purchasing a vacation home or investing in property without adding to your monthly expenditures.

Find a licensed Inlanta Mortgage loan officer near you using our branch locator to help you decide if refinancing now makes sense for you.

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 was 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.

Brookfield West Loan Officer Testimonials

Brookfield, WI Mortgage Loans

Loan Officer Testimonials for Brookfield, Wisconsin Office

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 few loan officer testimonials provided by customers for our Brookfield West office.

Adam Deputy – Brookfield West Branch Manager

“Our experience with Inlanta, specifically Adam Deputy, was phenomenal. He went above and beyond for us, and worked diligently to ensure we met our accelerated closing date – including working on the weekends. We will refer everyone we know and are customers for life.” – Holly B.

“Adam was amazing at how quick he was to respond and help with an urgent matter in a matter of hours. Adam was very knowledgeable and was able to help immediately as another lender I was in the process of working with was not. I can’t say enough how impressed and satisfied I was. When working with another lender, they contacted us after we made an offer on a home which they said we were good to do, even gave a pre-approval, then after the offer said they goofed. Adam jumped in right away and got us approved within a day and there were no issues with us still getting our home. He is truly appreciated and we are grateful for him.” – Stacy V.

“I had a somewhat complicated lending situation and I was very pleased to achieve my refinancing end result.” – Chad S.

Kip Warzon – Brookfield West Loan Officer

“Kip Warzon was very responsive and on top of our file every step of the way! Thanks to him, we are now enjoying our new lake home!!” – Rick B.

“I will not use another company again. They are friendly and fast with any responses. They work hard to get the best rates around.” – Kevin D.

“Kip was very responsive to our lending needs. He was very quick to respond and always answered any questions we had. He was very professional and honest with us. Thanks for the help in the buying of a house process.” – Anonymous

“Kip Warzon was fantastic. He responded to our requests very promptly. We ran into a snag during our process which was not Inlanta’s fault at all. He walked us through what we needed to do to clear it up so that we were able to obtain our loan.” – Jane B.

Dan Dahlen – Brookfield West Loan Officer

“The guidance/information I was given to improve my credit score allowed me to purchase a home months before I thought I could. I have spread the news of this help and how Inlanta supported me through every stage of the financing process. What Inlanta did right, was contact me on a timely basis, give me information to improve my credit score, and follow-up with me consistently. This morning I sat out on our deck overlooking the pond while watching the sunrise. The background sounds of ducks landing in the water, and the water fountain in the middle of the pond was the perfect song to start a new day knowing we are truly blessed to be in our new home. Thank you Inlanta for helping us reach our destination.” – Robyn F.

“I am still amazed at the service Dan Dahlen and team gave us! I always knew where we were in the process, and learned a great deal of insight. Dan made me feel like I was the only client he had, which is rare these days in customer service. Dan, I cannot thank you enough!” – Heather A.

Jeremy Page – Brookfield West Loan Officer

“”Jeremy Page went above and beyond to make sure that my wife and I understood the entire loan process. He was always available to answer our questions and made the process easier for us as we relocated from out of state. Lisa and I can’t thank Jeremy enough for all his help in this process. It was great working with him and we will definitely reach out to him again if we ever decide to purchase a new house. Thank you Jeremy for everything you did for us!” – Lisa and Greg

“Jeremy helped us step-by-step through the process. I am currently deployed and Jeremy worked great with my wife and Realtor to keep me in the loop and kept us well informed. We were able to close a VA loan under 30 days thanks to his knowledge and drive.” – Anonymous

“Working with Jeremy far surpassed my expectations. There were some unexpected difficulties we ran into with the house being so old, among a couple other speed bumps, but Jeremy worked late every day to make sure that I would make my closing day. Jeremy and I built a great rapport and he really made the deal happen for me. I can’t thank you guys enough for being behind me 100%.” – Phil C.

Contact a Brookfield West mortgage loan officer by calling 262-439-4257 or visit them online at www.inlanta.com/brookfield-west. Testimonials for Brookfield West 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 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 Hit New 2014 Lows

Mortgage Rates Hit New Lows
 

Mortgage Rates Hit New 2014 Lows

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates hitting new lows for the year. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it averaged 3.93 percent. This was also that last time the 30-year fixed averaged below 4 percent in the PMMS until this week.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 3.97 percent, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.18 percent, down from last week when it averaged 3.30 percent. A year ago at this time, the 15-year FRM averaged 3.33 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.92 percent, down from last week when it averaged 3.05 percent. A year ago, the 5-year ARM averaged 3.07 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.38 percent, down from last week when it averaged 2.42 percent. At this time last year, the 1-year ARM averaged 2.63 percent.

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 down sharply following the decline in the 10-year Treasury yield for the second straight week. Rates are at their lowest levels since June 2013 amidst continued investor skepticism regarding the precarious economic situation in Europe.”

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 Donates $6,000 to Wounded Warriors

Inlanta-Mortgage-Donation-for-Soldiers

Inlanta Mortgage Announces Donation to Wounded Warriors

Inlanta Mortgage, Inc. is pleased to announce a $6,000 donation to the Wounded Warrior Project. The donation was a combination of personal employee donations and matching funds from Inlanta Mortgage.

At Inlanta Mortgage’s 10th Annual Sales Conference, employees participated in an internal raffle for items such as gift cards, tablets, and sports tickets. All prizes were donated by Inlanta Mortgage and participating sponsors. For the second year in a row, Inlanta Mortgage employees opted to support the Wounded Warrior Project and generously purchased tickets to raise an impressive $3,000. As in previous years, Inlanta Mortgage Founder and CEO, John Knowlton graciously declared he would match the employees’ contributions.

Inlanta Mortgage President, Nicholas DelTorto said, “United States service members are close to all of our hearts. Almost all of us know someone who has served in the armed forces, many of whom deployed to the Middle East returning with injuries sustained while attending to their brave duties. When Inlanta Mortgage decided to raise funds for the benefactors of the Wounded Warriors Project, our people dug deep into their pockets. In just one day, our employees raised $3,000, which Inlanta Mortgage’s CEO generously agreed to match. Being able to contribute to the health and well-being of our nations soldiers puts a smile on all of our faces.”

Closely aligned with Inlanta Mortgage core values, the Wounded Warrior Project’s core values include fun, integrity, loyalty, innovation and service. It is with great pride that Inlanta contributes to the Wounded Warrior Project. In addition to monetary support, a group of Inlanta Mortgage employees recently participated in a Tough Mudder, which also benefits the Wounded Warrior Project.

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 32 branches in 16 states and over 220 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency-approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage was named a Top Mortgage Lender in 2012 and 2013 by Scotsman Guide and has been listed in Mortgage Executive Magazine’s “Top 100 Mortgage Companies in America” every year since 2011. In addition, Inlanta was named a “Fastest Growing Firm” by Milwaukee Business Journal in 2013; a “Platinum Million Dollar Lender” by USDA Rural Development in 2014; and a Top Workplace by the Milwaukee Business Journal in 2014.

Inlanta’s 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.

Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260 or email partner@inlanta.com.
Inlanta Mortgage, Inc. NMLS# 1016.