Category Archives: Uncategorized

Existing-Home Sales Climb 1.1 Percent in March

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WASHINGTON (April 23, 2018) — Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors®.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.1 percent to a seasonally adjusted annual rate of 5.60 million in March from 5.54 million in February. Despite last month’s increase, sales are still 1.2 percent below a year ago.

Lawrence Yun, NAR chief economist, says closings in March eked forward despite challenging market conditions in most of the country. “Robust gains last month in the Northeast and Midwest – a reversal from the weather-impacted declines seen in February – helped overall sales activity rise to its strongest pace since last November at 5.72 million,” said Yun. “The unwelcoming news is that while the healthy economy is generating sustained interest in buying a home this spring, sales are lagging year ago levels because supply is woefully low and home prices keep climbing above what some would-be buyers can afford.”

The median existing-home price2 for all housing types in March was $250,400, up 5.8 percent from March 2017 ($236,600). March’s price increase marks the 73rd straight month of year-over-year gains.

“Although the strong job market and recent tax cuts are boosting the incomes of many households, speedy price growth is squeezing overall affordability in several markets – especially those out West,” said Yun.

Total housing inventory3 at the end of March climbed 5.7 percent to 1.67 million existing homes available for sale, but is still 7.2 percent lower than a year ago (1.80 million) and has fallen year-over-year for 34 consecutive months. Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). mitment rate(link is external)

Properties typically stayed on the market for 30 days in March, which is down from 37 days in February and 34 days a year ago. Fifty percent of homes sold in March were on the market for less than a month.

“Realtors® throughout the country are seeing the seasonal ramp-up in buyer demand this spring but without the commensurate increase in new listings coming onto the market,” said Yun. “As a result, competition is swift and homes are going under contract in roughly a month, which is four days faster than last year and a remarkable 17 days faster than March 2016.”

Mortgage Rates According to Freddie Mac, the average com for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February. The average commitment rate for all of 2017 was 3.99 percent.
Buying or Refinancing a home doesn’t have to be Stressful
With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
(see what our clients say).
Believe me, it’s a great deal easier with our help and expertise.
The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.
Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.
For a free consultation,

Call or Email:
John Sauro 
Ph: 877-794-5363 
Email: JohnSauro@Gmail.com

 

 

 

Source: NAR, MBA, CNBS, Bloomberg

Existing Home Sales Up

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WASHINGTON (October 20, 2017) — After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®.

September existing-home sales in the Northeast were at an annual rate of 720,000 (unchanged from August), and are now 1.4 percent below a year ago. The median price in the Northeast was $274,100, which is 4.8 percent above September 2016.

In the Midwest, existing-home sales rose 1.6 percent to an annual rate of 1.30 million in September, but are 1.5 percent below a year ago. The median price in the Midwest was $195,800, up 5.4 percent from a year ago.

Existing-home sales in the South slipped 0.9 percent to an annual rate of 2.13 million in September, and are now 2.3 percent lower than a year ago. The median price in the South was $215,100, up 4.6 percent from a year ago.

Existing-home sales in the West increased 3.3 percent to an annual rate of 1.24 million in September (unchanged from a year ago). The median price in the West was $362,700, up 5.0 percent from September 2016. For the full story

Buying or Refinancing a home doesn’t have to be Stressful

With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
(see what our clients say).

Believe me, it’s a great deal easier with our help and expertise.

The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

For a free consultation,

Call or Email:
John Sauro 
Ph: 877-794-5363 
Email: JohnSauro@Gmail.com

 

Mortgage Rate Survey

Mortgage applications decreased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 20, 2017. The previous week’s results included an adjustment for the Columbus Day holiday.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased to 4.18 percent from 4.14 percent, with points decreasing to 0.42 from 0.44 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) decreased to 4.11 percent from 4.13 percent, with points decreasing to 0.24 from 0.32 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.04 percent from 4.00 percent, with points increasing to 0.41 from 0.37 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 15-year fixed-rate mortgages increased to 3.48 percent from 3.45 percent, with points decreasing to 0.40 from 0.43 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 5/1 ARMs decreased to 3.29 percent from 3.31 percent, with points increasing to 0.54 from 0.40 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990.

 

Sources: MBA, NAR

30 YEAR LOW HOUSING INVENTORY!

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Now is the best time to take advantage of the Real Estate market conditions, and consider moving up to a luxury home.

CoreLogic US Home Price Report shows prices up 6.7 percent in June 2017, and highlight that tight inventory is driving out affordability.  United States inventory is lower for the 25th consecutive month, while low mortgage rates are allowing for lower monthly mortgage payments.  

It is always difficult to time the market, but signs are showing that now is a great opportunity to get into a starter home or trade up to a more valuable property.  

It's advised that home buyer's should discuss their financial situation with a local mortgage consultant who can help to narrow down the exact amount of house they can afford and explain the process.

For a free consultation,

Call or Email:
John Sauro 
Ph: 877-794-5363 
Email: JohnSauro@Gmail.com

    GET STARTED! Get instant comparisons of home loans in your area NOW!

    Loan Purpose:

    Property Type:

    Loan Amount:

    Property Value:

    Property Zip:

    *Your Name:

    *Your E-mail:

    Phone:

     

    84% of Americans Believe Buying a Home is a Good Financial Decision

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    84% of Americans Believe Buying a Home is a Good Financial Decision

    According to the "2017 National Housing Pulse Survey", 84% of Americans Believe Buying a Home is a Good Financial Decision, the HIGHEST NUMBER SINCE 2007!

    American's wanting to own a home is growing stronger and desiring stability and equity over affordability concerns. 8 out of 10 people believe home-ownership increases their equity and financial worth.

    The 2017 National Housing Pulse Survey is conducted by American Strategies and Myers Research & Strategic Services.  Click here to read survey.

    The average time to close a loan with North Atlantic Mortgage is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which increases your opportunities for a fast easy loan with a great rate.

    Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with, only qualified mortgage experts.

    For a free consultation,

    Call or Email:
    John Sauro 
    Ph: 877-794-5363 
    Email: JohnSauro@Gmail.com

      GET STARTED! Get instant comparisons of home loans in your area NOW!

      Loan Purpose:

      Property Type:

      Loan Amount:

      Property Value:

      Property Zip:

      *Your Name:

      *Your E-mail:

      Phone:

       

      Have the upper hand when shopping for a new home. GET PRE-APPROVED!

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      The advantage of a Pre-Approval VS a Pre-Qualification

      So you’ve received your Pre-qualification and now your ready to submit your bid on that perfect home. But there’s a problem, there is another buyer who’s bidding on the same property as you and he has a Pre-approval.  His bid will be considered first in line before you, who only has a Pre-qualification and here is why.

      A home buyer who has been Pre-approved for financing, is a buyer who has gone the extra length of submitting their supporting documents needed for their mortgage, with a specific lender, and has been approved for a specific loan amount and is ready to close on a home immediately.

      There are many ways to have the upper hand when shopping for a new home and landing in the #1 spot of what you need to do first is to get Pre-approved for your mortgage.

      To start all you have to do is make a phone call to your local broker, who has access to all the local bank programs and rates, to guide you to what will work best for you.

      NY Refinance, Westchester mortgage Home Loans, NY Mortgage

      Contact John Sauro,
      North Atlantic Mortgage, Corp.
      1-877-794-5363

      NEED A QUICK RATE QUOTE? Fill in the form below and I’ll send you a NO OBLIGATION, rate quote with details.

        QUICK RATE QUOTE

        Loan Purpose:

        Property Type:

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        No Income Check Loans – Making a Comeback?

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        No income check home loans were very common prior to the 2008 credit crisis.  However, they bacame extinct after 2008.  So far, there are no lenders offering the old style no income check loans, but there are a few programs available through North Atlantic Mortgage that allow for alternative ways of verifying income.

        Here are two alternative ways of verifying income:

        Option One – Asset Qualification

        • Borrowers are qualified based on verified liquid assets
        • Employment and income are not stated on application
        • Debt To Income ratios not calculated
        • 4506T IRS Transcript not required
        • Payment shock not calculated
        • Foreign Nationals allowed
        • Option Two- Bank Statements

        Option Two- Bank Statements

        • Self-employed borrowers* using bank statements
        • Debt To Income ratio up to 50%
        • Personal or business bank statements allowed
        • If business and personal accounts are combined, or if borrower is using only business bank statements, income is evaluated using a 50% expense factor for business-related deposits.
        • Payment shock not calculated

        *A borrower with a 25% or greater ownership interest in a business is considered self-employed

         

        WASHINGTON, D.C. (June 21, 2017) – Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 16, 2017.

        The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) remained unchanged at 4.13 percent, with points decreasing to 0.34 from 0.35 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

        The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased to 4.08 percent from 4.06 percent, with points increasing to 0.30 from 0.24 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

        The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.04 percent from 4.00 percent, with points increasing to 0.35 from 0.29 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

        The average contract interest rate for 15-year fixed-rate mortgages increased to 3.40 percent from 3.37 percent, with points increasing to 0.38 from 0.34 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

         

        Buying or Refinancing a home doesn’t have to be Stressful

        With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
        (see what our clients say).

        Believe me, it’s a great deal easier with our help and expertise.

        The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

        Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

        For a free consultation,

        Call or Email:
        John Sauro 
        Ph: 877-794-5363 
        Email: JohnSauro@Gmail.com

         

         

         

        Sources: Mortgage Bankers Association

        Home loan rates react to Fed hike

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        The Federal Reserve approved its second rate hike of 2017 even amid expectations that inflation is running well below the central bank’s target.

        As financial markets had anticipated, the policymaking Federal Open Market Committee increased its benchmark target a quarter point. The new range will be 1 percent to 1.25 percent for a rate that currently is 0.91 percent.

        Mortgage bonds, which started the day up 47 basis points lost 14 basis points in price on the announcement. Mortgage rates move higher as bond prices move lower.  This also impacts most adjustable-rate and revolving debt like credit cards and home equity loans. The prime rate that banks use as a baseline for interest rates usually rises immediately after the Fed makes a move.

        The central bank now believes inflation will fall well short of its 2 percent target this year. The post-meeting statement said inflation “has declined recently” even as household spending as “picked up in recent months,” the latter an upgrade from the May statement that said spending had “rose only modestly.” The statement also noted that inflation in the next 12 months “is expected to remain somewhat below 2 percent in the near term” but to stabilize.

        WASHINGTON, D.C. (June 14, 2017)

        Mortgage applications rose again last week as key interest rates continued to hover near seven-month lows, the Mortgage Bankers reported this morning in its Weekly Applications Survey for the week ending June 9.

        The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) decreased to 4.13 percent from 4.14 percent, with points increasing to 0.35 from 0.34 (including origination fee) for 80 percent loan-to-value ratio loans. The effective rate remained unchanged from last week.

        The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) decreased to 4.06 percent from 4.08 percent, with points increasing to 0.24 from 0.21 (including origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

        The average contract interest rate for 30-year fixed-rate mortgages backed by FHA decreased to 4.00 percent from 4.01 percent, with points decreasing to 0.29 from 0.39 (including origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

        The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.37 percent from 3.39 percent, with points decreasing to 0.34 from 0.43 (including origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

        The average contract interest rate for 5/1 adjustable-rate mortgages increased to 3.26 percent from 3.19 percent, with points decreasing to 0.20 from 0.27 (including origination fee) for 80 percent LTV loans. The effective rate increased from last week.

        Buying or Refinancing a home doesn’t have to be Stressful

        With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
        (see what our clients say).

        Believe me, it’s a great deal easier with our help and expertise.

        The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

        Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

        For a free consultation,

        Call or Email:
        John Sauro 
        Ph: 877-794-5363 
        Email: JohnSauro@Gmail.com

         

         

         

         

         

         

         

         

         

        Sources:

        CNBC, MBA, Reuters

        Home Prices & Supply Map & Mortgage Rate Update

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        WASHINGTON, D.C. (May 17, 2017) – Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 12, 2017.

        The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) remained unchanged at 4.23 percent, with points increasing to 0.37 from 0.31 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

        The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased to 4.23 percent from 4.22 percent, with points increasing to 0.30 from 0.28 (including the origination fee) for 80 percent LTV loans.

        The average contract interest rate for 15-year fixed-rate mortgages increased to 3.51 percent from 3.50 percent, with points decreasing to 0.33 from 0.40 (including the origination fee) for 80 percent LTV loans.
        The average contract interest rate for 5/1 ARMs decreased to 3.30 percent from 3.36 percent, with points increasing to 0.21 from 0.15 (including the origination fee) for 80 percent LTV loans.

        Buying or Refinancing a home doesn’t have to be Stressful

        With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
        (see what our clients say).

        Believe me, it’s a great deal easier with our help and expertise.

        The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

        Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

        For a free consultation,

        Call or Email:
        John Sauro 
        Ph: 877-794-5363 
        Email: JohnSauro@Gmail.com

         

        HOME PRICES AND SUPPLY MAP

        Track the latest moves in sales, prices and inventory in some of the largest housing markets across the country.

         

         

        Sources: MBA, CNBC, Bloomberg

        Breaking News Mortgage Rates

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        WASHINGTON, D.C. (May 3, 2017) – Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 28, 2017.

        The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased to 4.23 percent from 4.20 percent, with points decreasing to 0.32 from 0.37 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

        The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased to 4.18 percent from 4.15 percent, with points decreasing to 0.23 from 0.27 (including the origination fee) for 80 percent LTV loans.

        The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.06 percent from 4.03 percent, with points decreasing to 0.24 from 0.34 (including the origination fee) for 80 percent LTV loans.

        The average contract interest rate for 15-year fixed-rate mortgages increased to 3.51 percent from 3.46 percent, with points decreasing to 0.32 from 0.50 (including the origination fee) for 80 percent LTV loans. The effective rate remained unchanged from last week.

        Buying or Refinancing a home doesn’t have to be Stressful

        With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
        (see what our clients say).

        Believe me, it’s a great deal easier with our help and expertise.

        The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

        Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

        For a free consultation,

        Call or Email:
        John Sauro 
        Ph: 877-794-5363 
        Email: JohnSauro@Gmail.com

         

        Buying a home? Do you know the lingo?

        Buying a Home? Do You Know the Lingo? | Keeping Current Matters

        Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.

        Freddie Mac has compiled a more exhaustive glossary of terms in their “My Home” section of their website.

        Annual Percentage Rate (APR) – This is a broader measure of your cost for borrowing money. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower is required to pay. Because these costs are rolled in, the APR is usually higher than your interest rate.

        Appraisal – A professional analysis used to estimate the value of the property. This includes examples of sales of similar properties. This is a necessary step in getting your financing secured as it validates the home’s worth to you and your lender.

        Closing Costs – The costs to complete the real estate transaction. These costs are in addition to the price of the home and are paid at closing. They include points, taxes, title insurance, financing costs, items that must be prepaid or escrowed and other costs. Ask your lender for a complete list of closing cost items.

        Credit Score – A number ranging from 350-800, that is based on an analysis of your credit history. Your credit score plays a significant role when securing a mortgage as it helps lenders determine the likelihood that you’ll repay future debts. The higher your score, the better, but many buyers believe they need at least a 780 score to qualify when, in actuality, over 55% of approved loans had a score below 750.

        Discount Points – A point equals 1% of your loan (1 point on a $200,000 loan = $2,000). You can pay points to buy down your mortgage interest rate. It’s essentially an upfront interest payment to lock in a lower rate for your mortgage.

        Down Payment – This is a portion of the cost of your home that you pay upfront to secure the purchase of the property. Down payments are typically 3 to 20% of the purchase price of the home. There are zero-down programs available through VA loans for Veterans, as well as USDA loans for rural areas of the country. Eighty percent of first-time buyers put less than 20% down last month.

        Escrow – The holding of money or documents by a neutral third party before closing. It can also be an account held by the lender (or servicer) into which a homeowner pays money for taxes and insurance.

        Fixed-Rate Mortgages – A mortgage with an interest rate that does not change for the entire term of the loan. Fixed-rate mortgages are typically 15 or 30 years.

        Home Inspection – A professional inspection of a home to determine the condition of the property. The inspection should include an evaluation of the plumbing, heating and cooling systems, roof, wiring, foundation and pest infestation.

        Mortgage Rate – The interest rate you pay to borrow money to buy your house. The lower the rate, the better. Interest rates for a 30-year fixed rate mortgage have hoveredbetween 4 and 4.25% for most of 2017.

        Pre-Approval Letter – A letter from a mortgage lender indicating that you qualify for a mortgage of a specific amount. It also shows a home seller that you’re a serious buyer. Having a pre-approval letter in hand while shopping for homes can help you move faster, and with greater confidence, in competitive markets.

        Primary Mortgage Insurance (PMI) – If you make a down payment lower than 20% on your conventional loan, your lender will require PMI, typically at a rate of .51%. PMI serves as an added insurance policy that protects the lender if you are unable to pay your mortgage and can be cancelled from your payment once you reach 20% equity in your home. For more information on how PMI can impact your monthly housing cost,click here.

        Real Estate Professional – An individual who provides services in buying and selling homes. Real estate professionals are there to help you through the confusing paperwork, to help you find your dream home, to negotiate any of the details that come up, and to help make sure that you know exactly what’s going on in the housing market. Real estate professionals can refer you to local lenders or mortgage brokers along with other specialists that you will need throughout the home-buying process.

        The best way to ensure that your home-buying process is a confident one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher,’ and who puts your family’s needs first.

         

         

         

         

         

        Source: Bloomberg, MBA, KCM,

        Where are Americans Moving?

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        Where Did Americans Move in 2016? | Keeping Current Matters

        Buying or Refinancing a home doesn’t have to be Stressful

        With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
        (see what our clients say).

        Believe me, it’s a great deal easier with our help and expertise.

        The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

        Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

        For a free consultation,

        Call or Email:

        John Sauro 

        Ph: 877-794-5363 

        Email: JohnSauro@Gmail.com

        WASHINGTON, D.C. (April 12, 2017) – Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2017.

        The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) decreased to 4.28 percent from 4.34 percent, with points increasing to 0.38 from 0.31 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

        The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) remained unchanged at 4.24 percent, with points increasing to 0.28 from 0.24 (including the origination fee) for 80 percent LTV loans.

        The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.51 percent from 3.57 percent, with points decreasing to 0.35 from 0.38 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

         

         

         

         

         

        Sources: CNBC, Bloomberg, NAR, MBA