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This home loan exec’s opposition to Quicken Loans is just a head-scratcher

This home loan exec’s opposition to Quicken Loans is just a head-scratcher

Agents account fully for 26% for the loan providers’ mortgage volume, so just why say no?

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What’s up with home loan prices? Jeff Lazerson of Mortgage Grader in Laguna Niguel provides us their just simply take.

Price news summary

From Freddie Mac’s survey that is weekly The 30-year fixed price averaged 3.75%, up 6 basis points from the other day. The 15-year rate that is fixed 3.18percent, up 3 basis points from a week ago.

The Mortgage Bankers Association reported an 11.9% decline in application for the loan amount through the week that is previous.

Important thing: Assuming a debtor receives the typical 30-year fixed price on a conforming $484,350 loan, last year’s payment had been $316 greater than this week’s payment of $2,243.

The things I see: Locally, well-qualified borrowers could possibly get the next fixed-rate mortgages without points: A 15-year FHA (up to $431,250 into the Inland Empire, as much as $484,350 in l.