Mortgage Rates Little Changed Remain Near 2015 Lows

Mortgage Rates Little Changed
 

Mortgage Rates Little Changed Remain Near 2015 Lows

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates moving largely unchanged amid a light week of economic releases and remaining near their 2015 lows.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 3.67 percent, up slightly from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.27 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.94 percent, also up slightly from last week when it averaged 2.93 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 2.88 percent, up from last week when it averaged 2.83 percent. A year ago, the 5-year ARM averaged 3.03 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.46 percent, unchanged from last week. At this time last year, the 1-year ARM averaged 2.44 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 Len Kiefer, deputy chief economist, Freddie Mac:

“Mortgage rates were little changed following a light week of economic reports and remaining low at the spring homebuying season. Of the few releases, the advance estimate of retail sales [PDF] rebounded 0.9 percent in March though slightly below market expectations. Meanwhile, the National Association of Home Builders/Wells Fargo Housing Market Index jumped 4 points to 56 in April, suggesting home builders are optimistic and the housing market will continue to strengthen in 2015.”

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

Headquartered in Brookfield, Wisconsin, 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.

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.

Inlanta Mortgage, Inc. NMLS #1016

15-Year Fixed Rate Mortgage

15-year Fixed Rate Mortgage

Are you ready to become a home owner? 15-year fixed rate mortgages are an attractive option for borrowers who want to pay off a mortgage loan more quickly than the typical 30-year fixed rate mortgage. Watch this video to learn more.

Interest rates are more favorable with 15-year fixed rate mortgages, but the qualification requirements may be more stringent. Contact an Inlanta loan officer to determine if a 15-year fixed rate mortgage is right for you. Use our branch locator to find a branch near you.

Inlanta Loan Programs

In addition to the fixed or adjustable rate mortgage options, a licensed Inlanta Mortgage loan officer can help you determine which specific loan program is best for your situation. Inlanta offers a number of  loan programs including no down payment USDA financing, VA financing, conventional loans, and FHA loans. In addition, Inlanta offers renovation/rehabilitation loan options and the new low down payment options available from Freddie Mac and Fannie Mae (Home Possible® & MyCommunityMortgage®). Contact an Inlanta Mortgage loan officer to learn more about these unique financing options.

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

Headquartered in Brookfield, Wisconsin, 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.

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.

Inlanta Mortgage, Inc. NMLS #1016, MyCommunityMortgage® is a registered trademark of Fannie Mae, HomePossible® is a registered trademark of Freddie Mac.

Mortgage Rates Lower on Weak Jobs Report

Mortgage Rates Lower
 

Mortgage Rates Lower on Weak Jobs Report

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) showing average fixed mortgage rates moving lower following a weaker than expected jobs report for March.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 3.66 percent, down from last week when it averaged 3.70 percent. A year ago at this time, the 30-year FRM averaged 4.34 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.93 percent, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 3.38 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.83 percent, down from last week when it averaged 2.92 percent. A year ago, the 5-year ARM averaged 3.09 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.46 percent, unchanged from last week. At this time last year, the 1-year ARM averaged 2.41 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 Len Kiefer, deputy chief economist, Freddie Mac:

“Mortgage rates fell across the board following last week’s disappointing employment report. The US economy added 126,000 new jobs in March, well below market expectations of 247,000 jobs. We did see some uptick in wages, as average hourly earnings increased 7 cents for the month, and are up 2.1 percent over the year. Meanwhile, jobless claims [PDF] fell sharply to 268,000 this week, much lower than market expectations of 285,000.”

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

Headquartered in Brookfield, Wisconsin, 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.

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.

Inlanta Mortgage, Inc. NMLS #1016

First Time Homebuyer Facts

First-Time-Homebuyers

Useful Facts About First Time Homebuyers:

  • 74% of renters want to buy a home but are afraid they won’t qualify so they don’t even try!
  • 85% of non-home owners aspire to own a home in the next two years
  • 26% of first-time homebuyers used a gift as part or all of their down payment
  • 54% of first-time homebuyers are married
  • 25% of millennials buy a home together before getting married
  • 50% of renters spend more than 30% of income on housing

Ready Become a Home Owner?

Inlanta Mortgage offers a number of loan programs for first time home buyers including no down payment USDA and VA loans, low down payment loans (HomePossible® & MyCommunityMortgage®), as well as jumbo and renovation loan options. Consultations and applications are free! Find a licensed Inlanta Mortgage professional near you using our branch locator or simply click here to apply online and we will forward your application to a loan officer near you.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, 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 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.

Inlanta Mortgage, Inc. NMLS# 1016

Home Possible is a registered trademark of Freddie Mac®. MyCommunityMortgage® is a registered trademark of Fannie Mae.

 

Inlanta Welcomes Dozens of New Team Members

Inlanta-New-Team-Members

Inlanta Experiencing Strong Growth

Inlanta Mortgage’s continued growth, coupled with the increased activity of the spring home buying season, has paved the way for the company to welcome several dozen new team members since the beginning of 2015. New hires include loan officers, underwriters, processors and various administrative assistants.

Inlanta Mortgage Director of Human Resources, Jan Priem said, “While Inlanta Mortgage continues to experience growth through expansion, the spring home buying season and reasonable mortgage rates have prompted our corporate office and branch offices to further expand their teams to accommodate the increase in business. Service is paramount at Inlanta and we must grow our team to maintain the service levels our customers and partners have come to expect from Inlanta.”

New Team Members Join Corporate Office

At the corporate administrative office in Brookfield, Wisconsin, the processing, funding and underwriting departments have expanded to include Disclosure Desk Analysts Cassandra Kennedy and Nancy Evanow, Underwriters April Wolfe and Susan Guthrie, and Quality Control Analyst Madrice Prestidge. Aaron Kaczorowski has taken over the responsibilities of Account Executive replacing Gary Grocholski, who has been promoted to Third-Party Origination Account Manager, and the Information Technology department welcomes new Help Desk Analyst, Tom Steingass.

Inlanta Branch Offices Growing

In addition to the new team members at the corporate office, several branches have expanded as well. Inlanta’s Indianapolis office welcomes new Processor Amy Kent and the Overland Park office in Kansas welcomed Jr. Processors Lane Laffey and Terri Gaa. Inlanta’s newest branch office in Sarasota welcomed Processor Chris Gilpin, Jr. Processor Maria Griffioen, Loan Officer Assistant Eric Dominguez and Loan Officer Courtney McIntryre and the Oconomowoc, Wisconsin office welcomes Loan Officer Tom Kreklow.

The Madison, Wisconsin office on Marketplace Drive welcomes Loan Officer Assistant Karen Higgins and Processor Kristy Nonn, and the Brookfield North, Wisconsin office is pleased to welcome Processor Tina Binske, Loan Officer Assistant Nicole Franecki and Loan Officer Cindy McGill. The Oak Brook, Illinois office welcomes Processor Gina Morales and Jr. Processor Teneshya Miller and the Antigo, Wisconsin office welcomed Tracy Martinson as a Administrative Assistant.

Lindsay Gaddis joined Inlanta’s De Pere, Wisconsin office as a Loan Officer Assistant, Megan Sall joined the Grand Haven, Michigan office as a Marketing Assistant, and Lynn Beining joins the Marshfield, Wisconsin office as a Jr. Processor. In Wisconsin, Lauren Messenger joins the Pewaukee branch as Social Media Coordinator and Linda Koc-Huber joined the Hales Corners office as a Jr. Processor.

Inlanta is Hiring

Inlanta continues to seek qualified mortgage professionals for a number of positions at the corporate headquarters in Brookfield, Wisconsin including a graphic designer, central processing supervisor, and a loan processor. Several branch offices are seeking loan officers and loan processors. For more information on job opportunities at Inlanta Mortgage, visit our job page.

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 http://www.inlantapartners.com, call 262-439-4242 or email partner@inlanta.com.

Inlanta Mortgage, Inc. NMLS# 1016. Tom Kreklow NMLS# 553708. Cindy McGill NMLS# 1248406. Courtney McIntryre NMLS# 484362.