2008 December | BeatMyBroker Mortgage Blog

Archive for December, 2008

Wholesale Mortgage Rates at the end of 2008

Wednesday, December 31st, 2008

The fed announced they would be purchasing mortgage backed securities by the end of the second quarter (2009).  This had a positive impact on interest rates but it seems like it just won’t stick for now.  Big deal - rates are still low.
Here are some wholesale rates for today from 2 different lenders on a [...]

Wholesale Mortgage Rates

Wednesday, December 17th, 2008

Here’s a glimpse at wholesale mortgage rates through random lenders.  Here are 30 year conventional rates:
Lender 1: 4.625%
Lender 2: 4.75%
These are wholesale rates for borrowers with good to excellent credit with at least 10% down.
FHA wholesale rates are not quite as good hovering around 5.0% for the competitive FHA lenders.

Wholesale Mortgage Rate Peek!

Friday, December 5th, 2008

We have been asked several times what wholesale mortgage rates are and what percentage they are at.  How LOW are they compared to what you end up with as a consumer?
Well, in the spirit of transparency, BeatMyBroker.com is going to start posting wholesale interest rates from various WHOLESALE lenders.  These are not lenders you can [...]

Bank or Broker for Your Mortgage?

Monday, December 1st, 2008

This is a common question.  People want to know why mortgage brokers have an advantage over banks when it comes to interest rates (and hopefully fees).
You need to read the YSP (Yield Spread) post to understand this unless you already know what it is.
CHECK IT OUT!
A certain retail bank that starts with “W” (and it [...]