Are Mortgage Rates Really Under 4.00%? Yes and No

May 30, 2019 Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market.  In either case, today’s loan quotes are likely to be as good as they’ve been since the first few weeks in 2018. But are they under 4.00%?  That’s the claim being…

New DU Version Eases DTI Requirements

by: Jann Swanson New DU Version Eases DTI Requirements May 31 2017, 10:55AM Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1.  The new DU version will be implemented on or after the weekend of July 29. The changes are outlined in release notes issued on Tuesday…

The truth about credit inquiries.

When someone requests to pull your credit report, it will usually affect your credit score. Having too many inquiries of a particular type can actually have a negative effect. But the key to understanding which types of inquiries will hurt your credit score is knowing the difference between “hard” and “soft” inquiries. Hard inquiries When you apply for a new…