Breezy Mortgage by Bill Coombs

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Breezy Mortgage by Bill Coombs New Jersey Mortgage Originator NMLS #2062042

05/09/2022
Good Afternoon, Here’s a little more information about the way the mortgage market is trending this past week. Today’s...
25/08/2022

Good Afternoon,

Here’s a little more information about the way the mortgage market is trending this past week.

Today’s Market Update

As of 8/18/2022 the 10 year treasury closed with a yield of 2.880, and as of today 8/25/2022 we are seeing it hover around 3.035, as of 3:48 pm. There is a strong correlation between mortgage interest rates and Treasury yields, according to a plot of 30-year conventional mortgages and 10-year Treasury yields using Federal Reserve Economic Data. Mortgage interest rates are higher than Treasury yields because mortgages are riskier than Treasury bonds.

Looking to Purchase? https://breezymortgage.com/buy/

Looking to Refinance? https://breezymortgage.com/refinance/


If you have any questions please reach out and I will be happy to help.

“Let us be grateful to the mirror for revealing to us our appearance only.”-Samuel Butler

This is for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.
Breezy Mortgage | NMLS #1859796 www.nmlsconsumeraccess.org | Equal Housing Opportunity.

25/08/2022

FHA loans can be a great product to use if you are a buyer:
- with a lower credit score
- have a past foreclosure or bankruptcy
- need to put little down (3.5% with a 580 credit score)
- need funds gifted from friends or family
- need to finance closing costs
- need seller to pay closing costs
- have a higher debt to income
- that wants a lower interest rate. FHA rates are some of the lowest they are, compared to conventional.

Looking to buy a home utilizing FHA financing? Reach out to us today. [email protected]
609-710-2025

We are excited to announce we are now open in the Sunshine State! Keep us in mind when purchasing or refinancing your ne...
24/08/2022

We are excited to announce we are now open in the Sunshine State! Keep us in mind when purchasing or refinancing your next home!!!
www.breezymortgage.com

You might consider raising homebuying costs an odd way to wrangle control over runaway price increases. But higher mortg...
17/05/2022

You might consider raising homebuying costs an odd way to wrangle control over runaway price increases. But higher mortgage rates could slam a lid on fast-rising house prices, because many home buyers shop with a monthly payment in mind. As mortgages become more expensive, home buyers may be forced to shop for less-costly houses, which could slow the pace of home price increases and, in turn, restrain inflation.
Take the hypothetical example of someone who can afford $1,700 a month for mortgage principal and interest, and who began shopping for a house in February. Back then, the 30-year fixed-rate mortgage averaged around 4%. Let’s say our house hunter finally made a successful offer in late April, when the 30-year mortgage had risen to around 5.25%. Here’s how the rate increase affects the amount this buyer can afford to borrow:
At 4%, the buyer can afford to borrow $356,100.
At 5.25%, the buyer can afford a $307,900 mortgage — a loss of $48,200 in borrowing capacity. "

https://www.bankrate.com/mortgages/what-credit-score-do-you-need-to-buy-a-house/

Address

8 Dana Avenue

08230

Telephone

+13522191636

Website

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