mortgages: Mortgage Rates Hit 20 Month Low - 01/12/15 04:16 PM

Freddie Mac announced the average rate for a 30-year conventional loan fell to 3.73% this week. The average rate fell from last week’s number of 3.87% and from 3.89% in later December, thanks to another strong week for the domestic economy, especially in comparison to continued financial struggles in Europe and Asia.
The average rate for a 15 year fixed loan also fell this week to 3.05 percent--down from 3.15 percent. 15 year mortgages are most popular with those looking to refinance and the low rates should be noted by anyone paying a 30 year fixed rate mortgage. Many … (0 comments)

mortgages: Mortgage Credits Adjusting to the Market Recovery - 05/23/13 01:05 PM
Mortgage standards that have kept many potential buyers out of the market are beginning to loosen. In addition, banks are speaking about increasing their mortgage business soon and shore up their residential mortgage assets within the next year.  All these prospective changes are being driven by a sharp rise in mortgage demand in conjunction with more home purchase applications being approved (60% compared to 55% of a year ago). This will combat but not fully eliminate the highly competitive home buying market that will still require standards such as 20% down.
“Fear Fannie Mae and Freddie Mac will force lenders … (0 comments)

mortgages: Costco Is Entering the Real Estate Market - 05/03/12 01:36 PM
Bulk quantities of food, electronics, furniture, you name it and Costco is the place to buy it. Now, after a year of testing to see the viability, the Costco we know and love will be implementing a full-service mortgage lending program on its website in partnership with 11 well know lenders. Over 10,000 mortgages have been issued under the program already. They are hoping that number will swell as word gets out.
What is your reaction to Costco’s bold move? Comment and Share

mortgages: Mortgage Principal Write-Downs - 11/28/11 10:07 AM
Mortgage Principal Write-Downs
20 Democrats of the House of Representatives are urging for Fannie Mae and Freddie Mac to reduce the mortgage principal of borrowers who owe more than their home is worth. The 

Representatives argue that this action would reduce the risk of defaults for 20% of Freddie and Fannie mortgages.
On the other side of the debate, the regulators of Fannie and Freddie, the Federal Housing Finance Agency, refuse to act due to concerns that writing down principal balances will create a ‘moral hazard by prompting other borrowers to cease in making loam payments on … (2 comments)

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Tim Hart


Bozeman, MT

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Bozeman Broker Group

Address: 1745 S 19th Suite 2, Bozeman, MT, 59718

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