"Aaron was awesome! Talked us through the process and was able to get numbers the way we wanted them before signing on the dotted line! He was great!"
chelsy elaine a
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June 27 Rate update – What if Worst Case Happens?
Today's “Average” Mortgage Rates Who do you know that needs a quick pre-approval? 30yr fx Conv- 6.92% 15yr fx – 6.32% 30yr G’vmt (FHA & VA) - 6.65% 30yr Jumbo - 6.75% *Source: MBS live. Click link for more rate info & commentary: https://housingbrief.com/mortgage-rates/6202a8a8da4c369286c9e47e **Reminder - these are national average rates and may or may not come with discount points. Click here to Apply for home loan pre-approval: www.AaronPageTeam.com or bp.nfmlending.com/apply/apage Aaron Page Branch Manager NMLS #222159 Cell: 512-924-3138 4001 W Parmer Ln. #100 Austin, TX 78727 Pageteam@nfmlending.com https://nfmlending.com/apage/
Fed’s Pause Rate Hikes for Now!
**Rate Alert: Mortgage rates respond to no rate hike from the Fed. Watch short video above for the details & what's to come! Fed Announcement Article: https://housingbrief.com/r/MEDHF MBA predicts % rates will drop to the mid 5’s by this date: https://www.linkedin.com/posts/greg-sher-4501aa53_hot-off-the-press-mba-chief-economist-michael-activity-7074440489281679360-EsKN?utm_source=share&utm_medium=member_desktop What are Mortgage-Backed Securities? https://housingbrief.com/r/B49NXK NEXT STEPS: I’m your Weekend Warrior! Here to help your clients: Get prequalified! Answer your lending questions!? Buyers need a pre-approval? Here's my application link: http://www.AaronPageTeam.com. Aaron Page Branch Manager NMLS #222159 Cell: 512-924-3138 4001 W Parmer Ln. #100 Austin, TX 78727 Pageteam@nfmlending.com https://nfmlending.com/apage/
Your Mortgage Rate Update 5.15.23
Today's “Average” Mortgage Rates 30yr fx Conv- 6.67% 15yr fx - 6.04% 30yr G’vmt (FHA & VA) - 6.35% 30yr Jumbo - 6.38% *Source: MBS live. Click link for more rate info & commentary: https://housingbrief.com/mortgage-rates/6202a8a8da4c369286c9e47e **Reminder - these are national average rates and may come with discount points. Click here to get Pre-approved: www.AaronPageTeam.com. APPLY NOW LINK: https://bp.nfmlending.com/apply/apage. "The point of all this consolidation observation is simply to convey that the market is at a crossroads--albeit with a very long stop light--that will inform the next big move for rates and the housing market. If inflation moves lower out of its consolidation pattern, rates would almost certainly do the same, thus allowing homeowners some breathing room to shop for new homes without worrying about sacrificing their ultra-low existing rate." Aaron Page Branch Manager NFM Lending Phone (text or call): 512-924-3138 pageteam@nfmlending.com / www.AaronPageTeam.com Schedule a mortgage discovery call: www.calendly.com/thepageteam/initial-discovery-call
Your Mortgage Rate Update 4.24.23
Check out this Must See content. I trust it will help your business! • Lower Rates Spark Housing Demand - https://eyeonhousing.org/2023/04/lower-rates-spark-housing-demand/ • Local Housing Markets Stats for March - https://www.calculatedriskblog.com/2023/04/final-look-at-local-housing-markets-in.html • Rents On The Move - https://thebasispoint.com/march-2023-rents-down-on-23-of-houses-same-on-29-of-houses-up-on-48-of-houses/ - https://jbrec.com/insights/rents-on-the-move-unlocking-single-family-rental-trends/ • LLPA’s: Is There Really a New, Unfair Mortgage Tax on Those With High Credit? - https://housingbrief.com/r/DZCCSM Upcoming Economic Calendar: May 3 - Fed Rate Decision May 10 - CPI number Today's “Average” Mortgage Rates 30yr fx Conv- 6.59% 15yr fx - 6.00% 30yr G’vmt (FHA & VA) - 6.20% 30yr Jumbo - 6.19% *Source: MBS live. Click link for more rate info & commentary: https://housingbrief.com/mortgage-rates/6202a8a8da4c369286c9e47e **Reminder - these are national average rates and may come with discount points. Click here to get Pre-approved: www.AaronPageTeam.com.
Don’t Let Less Than Stellar Credit Stop Your Homeownership Goals!
Do you want to purchase a home, but are concerned about imperfect credit? Our R2H credit enhancement program is for you! Also, check out our super helpful Road 2 Home resource guide for more details. It can be found on the right sidebar (or below if you're viewing on a mobile device). Contact me today and let's turn you into a homeowner!
Mortgage Rates vs. Fed Funds Rate
The federal Funds Rate is NOT the same thing as mortgage interest rates. Watch the video above for the breakdown. Also feel free to download the 20yr historical chart on the right (or bottom if you're on mobile device). For any questions about interest rates and homebuying, please feel free to reach out. I'm always happy to help! Aaron pageteam@nfmlending.com 512-924-3138
Mortgage Payment Saver – Buydown Cost Comparison for Buyers and Sellers
Have you ever wondered how to calculate the cost of a temporary buydown for your buyer or seller? Make sure to watch my video above for some really important details you need to know! Click the following link for a complimentary copy of my new simple & streamlined buydown calculator just for you: https://nfmlending.com/financing-your-home/calculators/rate-buydown-calculator/ Use this when negotiating offers for your buyers or to help incentivize buyers to make offers on your listings. I’m also including an excel version of the buydown calculator in case you find yourself without internet or just want a copy for your laptop or google sheets. See it here: MortgagePaymentSaverBuydowncomparisonforbuyersandsellersAaronPage.xlsx Keep it handy for when you’re assisting your buyers and sellers through offer negotiations. And, don’t hesitate to reach out to me to help structure the financing details of your buydown offer. There are things like max seller contribution limits and high cost lending laws to consider so save my number on your favorites list as I’m available to help you anytime. I hope this adds value and helps your buyers and sellers win in the new market. Happy deal-making! Aaron Page Branch Manager NMLS #222159 Cell: 512-924-3138 4001 W Parmer Ln. #100 Austin, TX 78727 apage@nfmlending.com https://nfmlending.com/apage/
Meet The Page Team – Your Home Mortgage Advisors
Aaron Page Branch Manager NMLS #222159 Cell: 512-924-3138 4001 W Parmer Ln. #100 Austin, TX 78727 apage@nfmlending.com https://nfmlending.com/apage/
The TRUTH about buying in today’s market!
Many buyers are frozen by fear of the unknown and think homes are much less affordable now that rates are much higher. Let's uncover the TRUTH about the opportunities in today's real estate market and see what's really possible.
Improving Affordability in Today’s Market – comparing March 2022 vs March 2023!
Press play on the video above to see an eye opening analysis that compares affordability of monthly payments from last year when rates were in the 3% range vs. todays higher rate environment. Many potential homebuyers think they have missed the boat because of higher rates. In their minds, affordability is now thru the roof. I’m here to show you the reality of how purchasing real estate in this market can be just as affordable with less up front investment compared to the 2022 market that had super low rates and higher price points. The truth of this market is.....homebuyers can obtain monthly payments that are similar to what payments looked like 12months ago when rates were in the 3's. And...cash to close right now will be lower due to the prices and the absence of appraisal waivers. It just takes having a trusted and skilled Real Estate & Lending team around you with creative strategies to help guide you in your wealth building journey. Here's some context to help you navigate the above video message. Option 1: March 2022 - 600k List sells for 700k. 20k appraisal gap. Cash to close = 174k Option 2: March 2023 - 580k List sells for 560k. Cash to close = 126k. Payment only 305mo higher. Not 600-800mo like so many are led by the media to think. Option 3: March 2023 - 580k List sells for 580k with 20k Seller Buydown credit. Cash to close = 130k. Payment $33 LOWER than if purchased in March 2022. They didn't miss the boat! Similar payment AND lower cash to close in today's market is available! Option 4: March 2023 - 580k List sells for 580k with 20k Seller Paid 2/1 Buydown. Cash to close = 130k. Payment $250 LOWER than if purchased in March 2022. They didn't miss the boat! Lower payment and LOWER cash to close in today's market is available! There's a short window where you may be able to buy a home at a lower price & an affordable payment so reach out today so I can help you get prepared to explore your homeownership goals & dreams! Aaron Page Branch Manager Phone: 512.924.3138 Pageteam@nfmlending.com http://www.AaronPageTeam.com
Price Drop vs. Rate Drop
Higher interest rates will impact buyers' qualifications if you have not noticed. The higher rates are also beginning the "price drops " trend, which sellers use to help attract affordable housing for buyers. Seller Buy Down: I wanted to show you how an SBD works and how both the Buyer & Seller can benefit when the SBD + is structured within a purchase transaction. Here's how it works - Seller gives the buyer a "seller credit (concession)" for the buyer to use towards buying their rate down. Most sellers don't know that dropping the rates has a more significant impact on a buyer's payment than lowering a sales price could ever have. Offering SBD (rate reduction) credits can help buyers more easily afford the price of the home and sellers get their house sold quicker with potentially more money in their pocket. Price vs. Rate Drop: Buyers - instead of asking for a price reduction, ask for a rate reduction. In the above example, you can see the difference between a 20k price reduction and a 20k rate reduction. Buyers win bigger with SBD options.