American Mortgage Finance

02/16/2023

Mortgage rates are moving higher today. The MBS market changed by 0 bps yesterday. This was enough to...

05/30/2022

01/04/2022

Truth...

11/25/2021

01/19/2021

🤣

04/14/2020

It looks like borrowers who don’t fit neatly into Fannie Mae and Freddie Mac’s lending criteria could soon be running out of options if they want to buy a house.

03/16/2020

NOTICE: Fed rate cut & its effect on mortgage rates

A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the consumer has, whether fixed or adjustable and which rate the mortgage is linked to.

For fixed-rate mortgages, a rate cut will have no impact on the amount of the monthly payment. Low rates can be good for potential homeowners, but fixed-rate mortgages do not move directly with the Fed's rate changes. A Fed rate cut changes the short-term lending rate, but most fixed-rate mortgages are based on long-term rates, which do not fluctuate as much as short-term rates.

Generally speaking, when the Fed issues a rate cut, adjustable-rate mortgage (ARM) payments will decrease. The amount by which a mortgage payment changes will depend on the rate the mortgage uses when it resets. Many ARMs are linked to short-term Treasury yields, which tend to move with the Fed or the London Interbank Offered Rate (LIBOR), which does not always move with the Fed. Many home-equity loans and home-equity lines of credit (HELOCs) are also linked to prime or LIBOR.

02/25/2020

Give us a call to get an accurate depiction of what you really qualify for. We can provide a pre-approval in about an hour. Also, Interest rates are low right now, so give us a call to find out if refinancing is beneficial for you. Call us at 412-931-1999

Apply online: americanmortgagefinance.zipforhome.com