Mortgage Rates can Move Lower

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

As a result you can maximize your financial future with our custom designed home loans. You can also expect close communication and responsiveness.

Next thing is to get a rate quote FAST?

Contact us at 877-794-5363 (Lend)

_______________________________________________________________________________

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

Mortgage rates can move lower – and you need to be ready.

Next you should tell a friend! Share this information with someone you may think needs help with their mortgage.

What Are Today’s Rates? – See Current Mortgage Rates

Equally important is what many of our happy clients are saying about us!

Go to the North Atlantic Testimonials Page.
Visit the North Atlantic Zillow Reviews Page.

Looking for Low Rates? You Found Them!

Furthermore you want to lock a low rate? Want to See Current Rates? Our Home Loan Experts Can Help. Start Saving Money Now! Compare Loans. Lock Your Rate. Get Approved Today. Start Your Mortgage.
‎Refinance Your Home Loan · ‎First Time Home Buyer · ‎Buying a New Home? · ‎5-Year ARM

Mortgage Rate Will Increase December 1st

Posted on September 22, 2020October 2, 2020 by John Sauro

The Federal Housing Finance Agency ( FHFA) announced it will be raising fees on mortgages by half a percent on December 1st. The increase will result in higher rates and fees passed on to the consumer. Many lenders have already applied the increase to their loans.

However, North Atlantic is still pricing mortgage rates without the increase, for now.

So if you’re thinking of refinancing or buying. Do it now and lock in.

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15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)

_______________________________________________________________________________

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

1.875% Mortgage Rate

Posted on September 19, 2020October 2, 2020 by John Sauro

Mortgage Rates Awaiting Direction

We are recommending locking into mortgage rates, as our charts show that mortgage rates could move higher, after the bond market failed to break above the 25 & 50 day moving average and have broke below their lows set on Wednesday.

The next floor of support, which is likely to be tested, is another 10bp beneath present levels at 102.766. Support will likely be tested before Bonds start to move higher again.
Position Locking

Mortgage Bond Chart Sept. 18 2020

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15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)

_______________________________________________________________________________

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

1.875% Mortgage

Posted on September 17, 2020October 2, 2020 by John Sauro

15 Year Fixed Rate 1.875%

*APR 2.12%

30 Year Fixed Rate 2.50%

**APR 2.506%

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

Home Prices Are Up

Posted on August 25, 2020October 2, 2020 by John Sauro

The Case-Shiller Home Price Index, showed that nationally there was a 4.3% annual gain in June, which was unchanged from the gain we saw in May. The 20-city Index rose 3.5% year over year, down from 3.6% in the previous report.

Regionally, price gains in Phoenix, Seattle and Tampa continued to be the strongest in the nation. Phoenix posted a 9% year-over-year price increase, followed by Seattle with a 6.5% increase and Tampa with a 5.9% increase. Price gains were smallest in Chicago, New York and San Francisco.

Rates as Low as

1.875% /APR 2.154%
15 Year Fixed

2.50% /2.544% APR
30 Year Fixed

Learn More

Call

877-794 Lend (5363)

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. Home prices rose 0.9% in June and are up 5.7% year over year, which is a big improvement from the 4.9% in the previous report.

New Home Sales, which measures signed contracts on new homes, were up 14% in July, which
was much stronger than the small gain expected. Sales are now up 36% year over year. The
median new home price increased 7.2% year over year to $330,600…but this is not
appreciation. It means that half the homes sold above and below that figure, meaning that more higher priced homes sold. Don’t let the media fool you and make you believe that people are getting priced out of homes and they are going up too fast.

Source: MBS Hwy

Mortgage Rates are Low

Posted on August 12, 2020August 12, 2020 by John Sauro

Rates as Low as

1.875% /APR 2.154%
15 Year Fixed

2.50% /2.544% APR
30 Year Fixed

Learn More

Call

877-794 Lend (5363)

Mortgage Bankers Association Applications Report

Earlier this morning the Mortgage Bankers Association released
their Mortgage Application data for last week, showing that overall application volume rose by
6.8% from the previous week. Purchases were up 2%, and on a year over year basis, are 22%
higher.
Refinances increased by 9.0% last week and are up 47% year over year. While this is still strong,
the year over year comparisons are shrinking – Just a few weeks ago refinances were up over
100% on a year over year basis. Refinances made up 65.7% of all transactions, up from 63.9%
last week.
Interest rates decreased from 3.14%, to 3.06%, which is 95 bp or almost 1% lower than this time
last year. Remember the MBA rate is for last week and always includes a fraction of points, in
this case 0.33.

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Home Sales UP

Posted on August 2, 2020August 3, 2020 by John Sauro

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.

According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June:

“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic…Each of the four major regions achieved month-over-month growth.”

This significant rebound is a major boost for the housing market and the U.S. economy. According to Lawrence Yun, Chief Economist for NAR, the momentum has the potential to continue on, too:

“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown…This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”

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15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)

__________________________________________________________________________________________________

With mortgage rates hitting an all-time low, dropping below 3% for the first time last week, potential homebuyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers is contributing to home price increases as well, as more buyers are finding themselves in bidding wars in this environment. The report also notes:

“The median existing-home price for all housing types in June was $295,300, up 3.5% from June 2019 ($285,400), as prices rose in every region. June’s national price increase marks 100 straight months of year-over-year gains.”

The graph below shows home price increases by region, powered by low interest rates, pent-up demand, and a decline in inventory on the market:

Yun also indicates:

“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply.”

Bottom Line

Buyers returning to the market is a great sign for the economy, as housing is still leading the way toward a recovery. If you’re ready to buy a home this year, reach out to a local real estate profession.al to make sure you have the best possible guide with you each step of the way.

*The Annual Percentage Rate is based on a a single family owner occupied purchase or rate & term home loan with a maximum loan amount of $510,399.00 a 1.875% interest rate, 1.25 point and a discount fee of $3838.42, a 15 day rate lock, Fixed Rate for 15 Years with a payment of $3248.17 a 80% Loan to Value, and a minimum credit score of 740.The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term refinance home loan with a maximum loan amount of $510,399.00 a 2.50% interest rate, 1.00 point and a discount fee of $3,067.50, a 15 day rate lock, Fixed Rate for 30 Years with a payment of $2.016.70 a 80% Loan to Value, and a minimum credit score of 740 . ** The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. The rates quoted are for home purchase or Rate & Term Refinance loans. Refinance cash out loans may have a higher rate. The rates may change or not be available at commitment or closing or may be subject to product restrictions. Rates advertised are as of May 7, 2020. Rates are subject to change without notice. 178 Trinity Pass, Pound Ridge NY 10576. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER NMLS #1375 & 42481.* Registered Mortgage Broker NYS Department of Finance, Loans arranged through third party providers.

1.875% Fixed Rate

Posted on July 31, 2020August 3, 2020 by John Sauro

15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)

*The Annual Percentage Rate is based on a a single family owner occupied purchase or rate & term home loan with a maximum loan amount of $510,399.00 a 1.875% interest rate, 1.25 point and a discount fee of $3838.42, a 15 day rate lock, Fixed Rate for 15 Years with a payment of $3248.17 a 80% Loan to Value, and a minimum credit score of 740.The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term refinance home loan with a maximum loan amount of $510,399.00 a 2.50% interest rate, 1.00 point and a discount fee of $3,067.50, a 15 day rate lock, Fixed Rate for 30 Years with a payment of $2.016.70 a 80% Loan to Value, and a minimum credit score of 740 . ** The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. The rates quoted are for home purchase or Rate & Term Refinance loans. Refinance cash out loans may have a higher rate. The rates may change or not be available at commitment or closing or may be subject to product restrictions. Rates advertised are as of May 7, 2020. Rates are subject to change without notice. 178 Trinity Pass, Pound Ridge NY 10576. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER NMLS #1375 & 42481.* Registered Mortgage Broker NYS Department of Finance, Loans arranged through third party providers.

Posted in Uncategorized.

1.875% Fixed Rate

Posted on July 29, 2020August 3, 2020 by John Sauro

15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)

*The Annual Percentage Rate is based on a a single family owner occupied purchase or rate & term home loan with a maximum loan amount of $510,399.00 a 1.875% interest rate, 1.25 point and a discount fee of $3838.42, a 15 day rate lock, Fixed Rate for 15 Years with a payment of $3248.17 a 80% Loan to Value, and a minimum credit score of 740.The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term refinance home loan with a maximum loan amount of $510,399.00 a 2.50% interest rate, 1.00 point and a discount fee of $3,067.50, a 15 day rate lock, Fixed Rate for 30 Years with a payment of $2.016.70 a 80% Loan to Value, and a minimum credit score of 740 . ** The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. The rates quoted are for home purchase or Rate & Term Refinance loans. Refinance cash out loans may have a higher rate. The rates may change or not be available at commitment or closing or may be subject to product restrictions. Rates advertised are as of May 7, 2020. Rates are subject to change without notice. 178 Trinity Pass, Pound Ridge NY 10576. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER NMLS #1375 & 42481.* Registered Mortgage Broker NYS Department of Finance, Loans arranged through third party providers.

1.99% -15 Yr Fixed Rate – APR 2.33%

Posted on July 23, 2020August 3, 2020 by John Sauro

Click for Mortgage Rate Video Update

Contact us at 877-794-5363 (Lend)

John Sauro

or Click here to learn more

The Mortgage Bankers Association released their mortgage application data

for last week, showing that overall application volume was up 4.1% from the previous week.
Purchases were up 1.8%, and on a year over year basis, are now 19.4% higher.
Refinances were up 5.3% last week and are up 122% year over year. Refinances made up 64.8%
of all transactions, up from 64.2.% last week.

The national average Interest rates increased slightly from 3.19% to
3.20%, which is 88 bp or about 7/8% lower than this time last year. Remember the MBA rate is
for last week and always includes a fraction of points, in this case 0.35.

60% of Home owners can Benefit from refinancing

Fannie Mae Chief economist Doug Duncan estimates that at today’s rates, 60% homeowners
with a mortgage could still benefit from a refinance and save at least half a percent. He also
estimates that mortgage lending will reach $3.14 Trillion this year, which is the highest volume
since 2003.

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures
home price appreciation on single-family homes with conforming loan amounts. Home prices
fell 0.3% in May, but are still up 4.9% year over year. The 4.9% year over year reading is a bit
lower than the 5.5% in April and 5.9% in March.

Click for Mortgage Rate Video Update

Contact us at 877-794-5363 (Lend)

John Sauro

or Click here to learn more