Bob Silva - Loan Officer

07/11/2026

07/11/2026

Realtors and Agents alert!

A 1-0 temporary rate buydown lets buyers enjoy an interest rate that’s 1% lower during the first year of their mortgage, reducing their monthly payment. The cost is typically covered by the seller, builder, or lender, making it a great alternative to a price reduction.

One of our great lender partners associated with Barrett Financial are offering this program at no cost to buyer or seller!

If you have buyers who are hesitant because of monthly payments—or listings that could use an extra incentive—this is a great option to consider.

I’d be happy to run payment scenarios for any of your clients or answer questions. Just give me a call or send me a text anytime!

11/16/2025

Oh yeah it's going down 😖

10/30/2025

Congratulations Linda and thanks to her Agent, Dawn Finks and John Renger of Renger and Reynolds for a very smooth closing today. My first NC closing !
Also special thanks to Chris Vaughan, my assistant and my team at Barrett Financial for a 21 day close from start to finish!

09/22/2025

https://www.facebook.com/share/p/1B3R97Kzv8/

Great article about mortgage rates and what affects them.
Have a great week !

Mortgage executive reminds brokers that the Fed has more tools in the toolbox besides rate cuts

09/17/2025

Federal Reserve bank cuts the Federal Funds rate by .25% today in hopes that this will start a succession of rate cuts. Keep in mind this does not directly affect Mortgage rates and any decline in rates has already been priced in the current market in anticipation that this would happen. This Fed fund rate better known as the "Prime Rate" will directly drop your HELOC rate as well as your Credit card interest rates as those credit products are tied to the "Prime Rate".

It will take a succession of Rate cuts to impact 30 yr mortgage rates so hang in there and if you would like me to take a look at your current situation, I would say any rates over 7 percent may be able to take advantage of a refinance soon or in the very near future. Rates are hovering anywhere from the low 6's to mid 6's depending on how much you want to pay for the mortgage. I am a big advocate of NOT paying points to lower your rate as their may be future cuts in store. Don't jump too soon as I am guessing you are getting multiple solicitations for companies coming out of the woodwork telling you "Now's the Time ! etc etc.

If you aren't sure about a certain solicitation, don't hesitate to reach out to me so I can vet the legitimacy of the mail you receive.
Have a great rest of your week and don't hesitate to reach out to me at [email protected]

Call now to connect with business.

05/20/2025

Happy Memorial Day week !

05/09/2025

Moved to North Carolina. Now serving
AZ, CA, OR, CO, FL, NC and soon to be SC.