Courtesy of Summit Mortgage
You’ve probably heard that the Fed is buying up billions of dollars worth of Mortgage-Backed Securities. But how does this really impact home loan rates and your mortgage?
Basically, the Fed’s actions provide a demand for Mortgage-Backed Securities, which should help keep the ceiling on home loan rates from moving much higher in [...]

Courtesy of Summit Mortgage
A constriction in mortgage product offerings and the ongoing effects of the credit crunch have radically changed our business.
It’s not all doom and gloom. There is still plenty of money available to creditworthy borrowers. But lender guidelines have tightened significantly, and the days of easy credit with no down payment and no [...]