# what is the mortgage rate

Interest Rate Trends

Three month, one year, three year and long-term trends of national average mortgage rates

on 30-, 15-year fixed, 1-year (CMT-indexed) and 5/1 combined adjustable rate mortgages;

One year trends of mortgage rates: 30-Year FRM, 15-Year FRM, 5/1 ARM

* Fully-Indexed Rate = index (1-year CMT) + margin (assuming a 2.75% margin)

Three year trends of mortgage rates: 30-Year FRM, 15-Year FRM, 5/1 ARM

* Fully-Indexed Rate = index (1-year CMT) + margin (assuming a 2.75% margin)

# ARM Calculator: Adjustable Rate Home Loan Calculator: Estimate 3, what is an arm mortgage.#What #is

Thinking of getting a variable rate loan? Use this tool to figure your expected monthly payments before and after the reset period.

## Current ARM Mortgage Rates

The U.S. has always been the world capital of consumer choice. Visitors are often overwhelmed by the variety offered in our stores, supermarkets, and service industries. And the mortgage game is no different.

When making a major purchase like a home or RV, Americans have many different borrowing options at their fingertips, such as a fixed-rate mortgage or an adjustable-rate mortgage.

Almost everywhere else in the world, homebuyers have only one real option, the ARM (which they call a variable-rate mortgage).

### What Are Adjustable Rate Mortgages?

An ARM is a loan with an interest rate that is adjusted periodically to reflect the ever-changing market conditions.

Usually, the introductory rate lasts a set period of time and adjusts every year afterward until the loan is paid off. An ARM lasts a total of thirty years, and after the set introductory period, your interest cost and your monthly payment will change.

Of course, no one knows the future, but a fixed can help you prepare for it, no matter how the tides turn. If you use an ARM it is harder to predict what your payments will be.

You can predict a rough range of how much your monthly payments will go up or down based on two factors, the index and the margin. While the margin remains the same for the duration of the loan, the index value varies. An index is a frame of reference interest rate published regularly. It includes indexes like U.S. Treasury T-Bills, the 11th District Cost of Funds Index (COFI), and the London Interbank Offered Rate (LIBOR).

Every potential homebuyer faces this decision, and there are pros and cons to both kinds of mortgages. What you plan to do both in the near and distant future determines which loan arrangement will be best for you.

The APR of a fixed-rate mortgage (FRM) remains the same for the life of the loan, and most homeowners like the security of locking in a set rate and the ease of a payment schedule that never changes. However, if rates drop dramatically, an FRM would need to be re-financed to take advantage of the shift, and that isn’t easy at all.

An ARM is more of a roller coaster ride that you put your whole house on. It fluctuates with the real estate market and with the economy in general. The sweet five percent deal you have today could shoot up to eight percent if LIBOR goes up.

### What Are The Common Reset Points?

The reset point is the date your ARM changes from the introductory rate to the adjustable-rate based on market conditions. Many consumers wrongly believe this honeymoon period of having a preset low monthly payment needs to be as short as it is sweet.

But nowadays, it is not uncommon to set mortgage reset points years down the road. Reset points are typically set between one and five years ahead. Here are examples of the most popular mortgage reset points:

• 1 Year ARM – Your APR resets every year.
• 3/1 ARM – Your APR is set for three years, then adjusts for the next 27 years.
• 5/1 ARM – Your APR is set for five years, then adjusts for the next 25 years.
• 7/1 ARM – Your APR is set for seven years, then adjusts for the next 23 years.
• 10/1 ARM – Your APR is set for ten years, then adjusts for the next 20 years.

### What is the Difference Between a Standard ARM Loan and Hybrid ARMs?

A hybrid ARM has a honeymoon period where rates are fixed. Typically it is 5 or 7 years, though in some cases it may last either 3 or 10 years.

Some hybrid ARM loans also have less frequent rate resets after the initial grace period. For example a 5/5 ARM would be an ARM loan which used a fixed rate for 5 years in between each adjustment.

A standard ARM loan which is not a hybrid ARM either resets once per year every year throughout the duration of the loan or, in some cases, once every 6 months throughout the duration of the loan.

### What do Rates Reset Against?

ARMs are typically tied to one of the following 3 indexes:

• London Interbank Offered Rate (LIBOR) – The rate international banks charge one another to borrow.
• 11th District Cost of Funds Index (COFI) – The rate banks in the western U.S. pay depositors.
• Constant maturity yield of one-year Treasury bills – The U.S. Treasury yield, as tracked by the Federal Reserve Board.

### Who Are ARMS Good For?

Adjustable-rate mortgages are not for everyone, but they can look very attractive to people who are either planning to move out of the house in a few years or those who are counting on a significant raise in income in the near future.

Basically, if your reset point is seven years away and you plan to move out of the house before then, you can manage to get out of Dodge before the costlier payment schedule kicks in.

Others who will benefit greatly from the flexibility of an ARM are people who expect a sizeable raise, promotion, or expansion in their careers. They can afford to buy a bigger house right now, and they will have more money to work with in the future when the reset date arrives. When the reset happens if rates haven’t moved up they can refinance into a FRM.

### Who Are ARMS Bad For?

ARMs are bad for worrywarts. If life’s little uncertainties make you feel queasy, you may worry about the future of interest rates every waking moment. But don’t worry – you won’t end up losing the farm (or your signed Don Drysdale baseball card) because ARMs have caps on them.

A cap is a ceiling, or a limit on the amount your loan rate can increase annually for the duration of the loan. Adjustable-rate mortgage caps are usually set between two and five percent, and they carry a maximum yearly increase of two percent.

That is not exactly risky proposition, but it can appear so to a non-gambler.

You can run the numbers in advance to estimate the monthly cost at different APRs. Our above calculator does this automatically based on the cap you enter.

Compare IO ARMs or fixed, adjustable interest-only loans side by side.

• Lower payments and rates early in the loan term, allowing borrowers to buy larger, more expensive homes.
• ARM holders can take advantage of falling rates without lifting a finger, avoiding the inconvenience and high cost of refinancing, including a new set of closing costs and transaction fees.
• It’s an affordable way for borrowers with limited funds to buy a house if they don’t plan on living in one place for a long time.
• Rates and monthly payments can rise dramatically over the course of a 30-year commitment. A six percent ARM can skyrocket to eleven percent in as little as three years.
• The first adjustment after your initial set period can be more shocking than any sticker you’ve ever seen because annual caps sometimes don’t apply to the first payments after the reset point arrives. Be sure to read the small print!
• ARMs are complex agreements, and novice borrowers can easily be misled and bamboozled by slick talk about margins, caps, ARM indexes, and other industry jargon – particularly if the lender is somewhat shady.

### Borrower Beware

ARMs are not for the faint-hearted. They offer a better life to those who want lower payments now in exchange for spending more down the road. But make no mistake, your monthly payments will likely increase when your rate is adjusted.

You must be prepared financially for the end of the honeymoon. Because caps often don’t apply to the one-time initial adjustment, you could see a worst-case scenario of your six percent rate adjusting to ten or twelve percent a year if interest rates in the overall economy shoot up.

If you found this guide helpful you may want to consider reading our comprehensive guide to adjustable-rate mortgages.

You can also download an ARM loan worksheet bring it to your financial institution. We offer versions in the following formats: PDF, Word Excel.

# what is an adjustable rate mortgage

Types of Mortgage Loans

Conventional and Government Loans

Any mortgage loan other than an FHA, VA or an RHS loan is conventional one.

The Federal Housing Administration (FHA), which is part of the U.S. Dept. of Housing and Urban Development (HUD), administers various mortgage loan programs. FHA loans have lower down payment requirements and are easier to qualify than conventional loans. FHA loans cannot exceed the statutory limit. Go to FHA Programs page to get more information.

If you are looking for an FHA home loan right now, please feel free to request personalized rate quotes from HUD-approved mortgage lenders via our website.

VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guaranty allows veterans and service persons to obtain home loans with favorable loan terms, usually without a down payment. In addition, it is easier to qualify for a VA loan than a conventional loan. Lenders generally limit the maximum VA loan to \$203,000. The U.S. Department of Veterans Affairs does not make loans, it guarantees loans made by lenders. VA determines your eligibility and, if you are qualified, VA will issue you a certificate of eligibility to be used in applying for a VA loan.

VA-guaranteed loans are obtained by making application to private lending institutions. If you are interesting in obtaining a VA-guaranteed loan you can try our VA loan request form.

RHS Loan Programs

The Rural Housing Service (RHS) of the U.S. Dept. of Agriculture guarantees loans for rural residents with minimal closing costs and no downpayment. Visit our page RHS programs for details.

Ginnie Mae which is part of HUD guarantees securities backed by pools of mortgage loans insured by these three federal agencies – FHA, or VA, or RHS. Securities are sold through financial institutions that trade government securities.

State and Local Housing Programs

Many states, counties and cities provide low to moderate housing finance programs, down payment assistance programs, or programs tailored specifically for a first time buyer. These programs are typically more lenient on the qualification guidelines and often designed with lower upfront fees. Also, there are often loan assistance programs offered at the local or state level such as MCC (Mortgage Credit Certificate) which allows you a tax credit for part of your interest payment. Most of these programs are fixed rate mortgages and have interest rates lower than the current market.

Conventional loans may be conforming and non-conforming. Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for Americans.

Fannie Mae and Freddie Mac guidelines establish the maximum loan amount, borrower credit and income requirements, down payment, and suitable properties. Fannie Mae and Freddie Mac announces new loan limits every year.

The national conforming loan limit for mortgages that finance single-family one-unit properties increased from \$33,000 in the early 1970s to \$417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Since early 2008, a series of legislative acts have temporarily increased the one-unit limit to up to \$729,750 in certain high-cost areas in the contiguous United States. Permanent limits, which apply to the Enterprises’ acquisitions of certain mortgages originated prior to July 1, 2007, are set under the terms of the Housing and Economic Recovery Act of 2008 (HERA).

For every county and county-equivalent in the country, maximum loan limits for mortgages can be found at: http://www.fhfa.gov/Default.aspx?Page=185

The 2013 conforming loan limits for first mortgages remain at the limits set in 2006, 2007, 2008, 2010 and 2011:

# Choosing between an adjustable-rate and fixed-rate mortgage

Chris Hackett/Getty Images

Which is the better mortgage option for you: fixed or adjustable?

The low initial cost of adjustable-rate mortgages, or ARMs, can be tempting to homebuyers, yet they carry a degree of uncertainty.

Fixed-rate mortgages offer rate and payment security, but they can be more expensive.

Here are some pros and cons of adjustable-rate and fixed-rate mortgages.

• Feature lower rates and payments early on in the loan term. Because lenders can use the lower payment when qualifying borrowers, people can buy larger homes than they otherwise could buy.
• Allow borrowers to take advantage of falling rates without refinancing. Instead of having to pay a whole new set of closing costs and fees, ARM borrowers just sit back and watch the rates — and their monthly payments — fall.
• Help borrowers save and invest more money. Someone who has a payment that’s \$100 less with an ARM can save that money and earn more off it in a higher-yielding investment.
• Offer a cheaper way for borrowers who don’t plan on living in one place for very long to buy a house.
• Rates and payments can rise significantly over the life of the loan. A 4 percent ARM can end up at 9 percent in just three years if rates rise sharply.
• The first adjustment can be a doozy because some annual caps don’t apply to the initial change. Someone with a lifetime cap of 6 percent could theoretically see the rate shoot from 4 percent to 10 percent a year after closing if rates in the overall economy skyrocket.
• ARMs are difficult to understand. Lenders have much more flexibility when determining margins, caps, adjustment indexes and other things, so unsophisticated borrowers can easily get confused or trapped by shady mortgage companies.
• On certain ARMs, called negative amortization loans, borrowers can end up owing more money than they did at closing. That’s because the payments on these loans are set so low (to make the loans even more affordable) that they cover only part of the interest due. The remainder gets rolled into the principal balance.

## Fixed-rate mortgages

• Rates and payments remain constant, despite what happens in the broader economy.
• Stability makes budgeting easier. People can manage their money with more certainty because their housing payments don’t change.
• Simple to understand, so they’re good for first-time buyers who wouldn’t know a 7/1 ARM with 2/6 caps if it hit them over the head.
• To take advantage of lower rates, fixed-rate mortgage holders have to refinance. That means a few thousand dollars in closing costs, another trip to the title company’s office and several hours spent digging up tax forms, bank statements, etc.
• Can be too expensive for some borrowers because there is no early-on payment and rate break.
• Are virtually identical from lender to lender. While lenders keep many ARMs on their books, most financial institutions sell their fixed-rate mortgages on the secondary market. As a result, ARMs can be customized for individual borrowers, while most fixed-rate mortgages can’t.

All of these things should factor into your decision between a fixed-rate mortgage and an adjustable. But there are other important questions to answer when deciding which loan is better for you:

1. How long do you plan on staying in the home?

If you’re going to be living in the house only a few years, it would make sense to take the lower-rate ARM, especially if you can get a reasonably priced 3/1 or 5/1. Your payment and rate will be low, and you can build up savings for a bigger home down the road. Plus, you’ll never be exposed to huge rate adjustments because you’ll be moving before the adjustable rate period begins.

After the initial, fixed period, most ARMs adjust every year on the anniversary of the mortgage. The new rate is actually set about 45 days before the anniversary, based on the specified index. But some adjust as frequently as every month. If that’s too much volatility for you, go with a fixed-rate mortgage.

3. What’s the interest rate environment like?

When rates are relatively high, ARMs make sense because their lower initial rates allow borrowers to still reap the benefits of homeownership. When rates are falling, borrowers have a decent chance of getting lower payments even if they don’t refinance. When rates are relatively low, however, fixed-rate mortgages make more sense.

4. Could you still afford your monthly payment if interest rates rise significantly?

On a \$150,000 one-year adjustable-rate mortgage with 2/6 caps, your 5.75 percent ARM could end up at 11.75 percent, with the monthly payment shooting up as well.

# Current Mortgage Rates Today

Current Mortgage Rates – Mortgage Rates Today

## Top 10 Loan Modification Lenders

Many Americans have been affected by the recent economic crisis. Millions of homes have gone into foreclosure, and millions of families have lost their homes. If you are at risk for losing your home, the good [Read More. ]

## How to Tell if Current Mortgage Interest Rates Will Continue to Rise

Up until not long ago mortgage rates used to be very low, close to the lowest they have ever been. Rates have decreased to near record lows due to the recent housing market crash, which affected both homeowners and mortgage lenders. While millions of people have lost their [Read More. ]

## Could a 10 Year Mortgage Rate Be Your Best Mortgage Option?

One of the key aspects of finding a good mortgage loan is determining what type of mortgage term works out best for you. Long-term mortgage loans seem more attractive at first glance because the monthly payment is much smaller, but if you factor in the larger interest rate, [Read More. ]

## How the Current Government Shutdown is Affecting FHA Mortgages

The housing market has been recovering steadily lately, but the current government shutdown may interfere with that progress. For the first time in 17 years, the government has partially shut down. Besides other important implications, this shutdown could affect people who [Read More. ]

## Bad Credit Home Loans Are They Possible With Today s Stiffer Regulations?

There are many reasons for having a bad credit score, and you might be wondering if you are still able to buy a home, despite your shortcomings. The truth is that there are no rules set in stone when it comes to bad credit home loans. Some lenders may be more lenient than [Read More. ]

## What is this Difference Between a Home Equity Line of Credit vs Home Equity Loan

When buying a home with a mortgage loan, both you and your lender own parts of the home. The part of the home that you own is represented by the equity which builds up each time you make a payment. Having equity in your home allows you to take out a house equity loan by [Read More. ]

## What Are the Typical Home Equity Loan Requirements

Home equity loans are designed to help homeowners gain quick access to some much needed cash by tapping into the equity in their homes. Home equity loans provide an alternative to taking out other types of loans or opening new credit card accounts. While other forms of [Read More. ]

## Pros and Cons of Home Equity Loans

Home equity loans allow homeowners to take out a loan using the equity accumulated in their home as collateral. Home equity loans give you quick access to money that can be used for a home remodeling project, medical bills or college tuition. A home equity loan can be more [Read More. ]

## Is it Possible to get a Home Equity Loan With Bad Credit?

Getting a home equity loan with poor credit is more difficult, but not impossible. Before you decide to make improvements to your home or decide that you need some quick cash, you need to find out if a lender is willing to give you a home improvement loan and how your loan [Read More. ]

# check out our current mortage rates

looking for something a bit more personal? there are two ways to get a quote

## today’s mortgage rates

Last updated – November 16 2017 12:15pm est

### rate insights

Mortgage rates are still down on the week and are continuing to run on the lower end for 2017. We do get the potential for rates to rise today if the House passes the Republican tax bill, so borrowers should keep an eye out for that news. Read on for more .

TOTAL MORTGAGE RATES GURU

We’ll close your new home loan in 21 days or less or your first mortgage payment is on us*

## mortgage rates FAQ

### what is a mortgage rate?

We want to lend you money, but we also need to pay the (awesome) people who make it happen.

That’s where charging interest comes in. For any loan you take out these days, be it auto, business, or mortgage, the lender will charge a percent of the loan amount for the use of their money. That number is your interest rate.

Each time you make a monthly payment, a portion of that payment goes to cover your principal—or the loan amount—while the rest covers your mortgage interest rate. Most lenders front-load the interest payments, so that in the beginning of the term, a higher percentage of the payment goes toward interest. As the loan matures, you’ll pay more and more principal.

### why do interest rates fluctuate?

This is a complicated question—and it comes with a complicated answer.

The housing market is the backbone of the American economy, but it’s also dependent on it. As the economy dips and climbs, so do rates. Inflation, the state of the secondary mortgage market, the cost of consumer goods, and dozens of other factors all come into play here. This means that today’s mortgage rates may be different from those you’ve seen in the past or may see in the future.

There isn’t just one interest rate at any given time, though. The rate we’ll offer you may be slightly higher or lower than the rates you see advertised, since we have to account for all the variables that make your situation unique.

### how do you come up with my interest rate?

A good rule of thumb? The riskier the loan seems for the lender, the higher the rate will be. In layman’s terms, a higher rate is how lenders hedge their bets, protecting their interests along with the interests of the housing market at large.

If your rate ends up higher than you assumed, remember: it’s nothing against you. We believe in our borrowers, but lenders like us didn’t survive the housing crisis to start skirting responsible lending practices now.

Okay, let’s get specific. These are the major factors we’ll use to calculate your personal rate:

• The loan type
• Your debt to income (or DTI) ratio
• The value of the property compared to the loan amount
• The down payment amount
• The property location
• Whether or not the property will be your primary residence

### can my rate go up?

Depends. When you’re in the process of buying a house or refinancing, you’ll be offered opportunities to lock your rate. For a fee, this freezes your quoted mortgage rate for a set period of time, during which you’re expected to get all your documents in order and close. Miss that window, and yes, your rate might go up to match current mortgage rate fluctuations.

If you’re wondering what happens to your rate after you close, though, that choice is up to you. Most borrowers opt for a fixed-rate loan, which is exactly what it sounds like—your interest rate stays the same for the life of the loan.

For those who live in the now, though, there’s another option called an adjustable rate mortgage, or an ARM. This loan begins with a super low interest rate that may increase or decrease in the future at pre-specified intervals.

Mortgage rates are volatile and subject to change without notice. All rates shown are for 30-day rate locks with two points for an owner-occupied primary residence with 740 or higher FICO and 80 LTV over a 30-year loan term except where otherwise noted and are subject to mortgage approval with full documentation of income. The APR for a 30-year and 15-year conventional fixed-rate mortgage loans are calculated using a loan amount of \$417,000, two points, a \$495 application fee, \$400 appraisal fee, \$995 underwriting fee, a \$10 flood certification fee, and a \$20 credit report fee.* 15-year conventional mortgage rates are calculated with a 15-year loan term.* The APR for jumbo mortgage rates is calculated using a loan amount of \$500,000, two points, a \$495 application fee, \$400 appraisal fee, \$995 underwriting fee, \$10 flood certification fee, and a \$20 credit report fee.* The APR for FHA mortgage rates is calculated using a loan amount of \$295,000, two points, a \$495 application fee, \$400 appraisal fee, \$995 underwriting fee, \$10 flood certification fee, and a \$20 credit report fee. Some rates and fees may vary by state.* The APR for adjustable rate mortgages (ARMs) is calculated using a loan amount of \$417,000, two points, a \$495 application fee, \$400 appraisal fee, \$995 underwriting fee, \$10 flood certification fee and a \$20 credit report fee. Some rates and fees may vary by state. Products are subject to availability on a state-by-state basis. By refinancing your existing loan, your total finance charge may be higher over the life of the loan.

185 Plains Road – 3rd Floor – Milford, CT 06461

# Current Mortgage Rates in BC

We shop the most competitive brokers, lenders and banks in BC to bring you today’s lowest interest rates, free of charge! Our comparison charts list current BC rates, and are updated on a daily basis. To compare a certain category, click on the “See All” button for more details.

## Find the Cheapest Mortgage Rates in British Columbia

Check out the comparison charts above for the lowest mortgage rate deals in BC. If you want more information – fixed vs. variable, open vs. closed, and prepayment options – visit our Education Centre The education centre is full of great information, advice, and Education Centre . If you would like up-to-the-minute personal service please choose a broker above to receive a phone call from a BC mortgage broker near you.

## Should I get an open or closed mortgage rate in BC?

Closed mortgages are the popular choice in BC. They usually have lower interest rates which allow you to save money on a monthly basis. There are still some prepayment options in closed mortgages – however the amount by which an increase can be made to the monthly payment and the size of a lump sum payment to the principal are restricted.

The alternative, an open mortgage, allows borrowers to increase the size of their payment, or make un-restricted lump sum payments at anytime. This flexible mortgage is often chosen by those borrowers who plan to move in the near future.

## What is the difference between a variable vs. fixed mortgage rate?

The popular mortgage choice has a fixed rate. Fixed mortgages have stable interest rates for the term of the mortgage. This stability makes budgeting and planning easier and more predictable. This stability results in the fixed mortgage being the preferred choice for most homeowners in BC.

A benefit of variable mortgages is that they usually have lower interest rates. However, because these rates change over the life of the mortgage, monthly payments will vary. To learn more check out the variable vs. fixed section.

## What are prepayment options?

The amount of repayment a borrower can make towards the principal is restricted every year by the prepayment options. One option is to increase your monthly payment amount by a certain, set percentage. This increase in payment reduces the amortization period, and thus total interest paid on a mortgage.

The second option is to make a lump sum payment directly towards the principal of your mortgage. The amount of prepayment possible is set based on the initial value of the premium at the beginning of your mortgage term.

## What is a mortgage ratehold?

Rateholds allow borrowers to freeze interest rates at today’s current rate for a certain number of days. This can be done prior to renewal or closing to freeze a favourable interest rate.

## BC Housing Market Details 1

The BC real estate market should continue its growth throughout 2011 and 2012. This is due, in large part, to low mortgage interest rates, and increasing employment and population size. The forecasted increase in BC’s economy should lead to employment generation and an increase in full-time versus part-time work. These economic factors will further increase the interprovincial migration to British Columbia and will directly affect the housing market in a positive way.

# 30 Year Mortgage Rates Today

30 Year Mortgage Rates Today

Are you thinking of signing a 30 year mortgage? Keeping the same rates and monthly payments for 360 months can definitely sweeten the pot. However, it is good to keep an eye on the current 30 year mortgage rates. This way, you can determine if signing a 30 year mortgage is the best option for you.

Current 30 Year Mortgage Rates

• The current 30-year mortgage rates for the nation are close to four percent. (Same as VA loans, how often will this be updated/monitored?)
• Years ago, the cost to pay off your 30-year mortgage would have been \$375,000.
• Today, the estimated cost of paying off your 30-year mortgage is close to \$173,000.

What Does This Mean For You?

The 30 year mortgage rates today mean good news for all homeowners. The low rates allow most homeowners to make their monthly mortgage payments. This is a great time to refinance your home. If you are looking to purchase a home, you may decide to sign a 30-year mortgage. Are you already a homeowner? Why not take advantage of the low rates and do a little comparison shopping? You can compare your current mortgage with the rates of today.

This is a great time to apply for an FHA home loan, refinance your home or even purchase a new one. Are you thinking of applying for an FHA home loan? We offer low down payments, help you close your loan, and pay off your mortgage faster.

You do not want to wait until the rates spike up to take out a loan, sign a mortgage or refinance your home.

Do the current 30 year mortgage rates work for you? If you are ready to sign your 30 year mortgage contract, contact Paramount Equity Mortgage® today. You can speak to an experienced representative by calling (855) 333-5336, or email us.

# The Paramount Pledge™ – Triple Protection

The Paramount Pledge. It is our promise to you that we’ll provide the best rates, won’t charge you an application fee to lock in a rate and will ensure we can close and lock in a rate at the terms we provide.

### Get Started! Get your free quote now

Toll Free. 877.290.9991

8781 Sierra College Blvd. Roseville Ca 95661

# CalHFA supports the needs of renters and homebuyers

## Multifamily Developers/Managers

### What’s New at CalHFA

• Program Bulletin #2017-13 – Proposed Federal Tax Reform and the Uncertainty of Mortgage Credit Certificate Program
• Press Release 2017-11-09 – CalHFA Launches New Path to Homeownership for Service Members and Veterans
• Video – Cal-EEM + Grant helps homebuyers with \$24,000 of energy upgrades
• Press Release 2017-10-03 – CalHFA Increases Access to Manufactured Home Loans
• Program Bulletin #2017-12 – Closing Document Revisions for MyHome Assistance Program and Extra Credit Teacher Home Purchase Program (ECTP) when combined with a CalHFA Government Insured/Guaranteed First Mortgage
• Program Bulletin #2017-11 – CalHFA Launches New CalHFA VA Loan Program
• Press Release 2017-09-14 – Michael Carroll is CalHFA s New Director of Multifamily Programs
• Program Bulletin #2017-10 – Updated Sales Price Limits
• Program Bulletin #2017-09 – Updated Income Limits for all CalHFA Conventional and FHA Loan First Mortgage Programs
• Program Bulletin #2017-08 – Updates to Manufactured Housing Guidelines for All CalHFA FHA Loan Programs
• Press Release 2017-07-11 – CalHFA Helps Hundreds with Free Homebuyer Education
• Program Bulletin #2017-07 – Escrow Holdbacks Allowed and Name Change for the Notice of Conditional Approval
• Get to know CalHFA and our programs by viewing our Video Library.
• Enews announcements can be found on our Archived Page.

### Hardship Foreclosure Assistance

• Keep Your Home California programs are designed for homeowners who are struggling to pay their mortgages.

• The Home Affordable Refinance Program (HARP) is available on loans owned by Fannie Mae and Freddie Mac. If these loans were insured by the California Housing Loan Insurance Fund they may be eligible to have existing mortgage insurance transferred to a new refinance loan.

### Other Information

• The California Victims Compensation Board is available to help California victims of the October 1 shooting in Las Vegas. If you’ve lost a family member, been injured or attended the Route 91 Harvest Festival where this terrible tragedy occurred on Sunday night, CalVCB can provide financial assistance. Visit the California Victims Compensation Board website and news release for more information.
• Public Notice: Environmental Assessment For Whittier Downey SE Apartments (300 MB)
• Public Notice: Environmental Assessment For North San Pedro Studios
• Public Notice: 2017 Mortgage Credit Certificate Program
• Veterans Housing and Homelessness Prevention Program (VHHP)
• 2014 California Affordable Housing Cost Study
• Language Access Complaint Form /Formulario de queja de acceso por idioma

# Housing Economic Crisis News Picks

• Square Cash is letting some users buy and sell Bitcoin – [2017-11-15]
• Household debt rises by \$116 billion as credit-card delinquencies pile up – [2017-11-15]
• Richest 1% own over half the world’s wealth – [2017-11-15]
• After periodic drops of 20 percent, bitcoin tends to come back even stronger – [2017-11-14]
• Venezuela’s Bondholder Meeting Is a Bust as S P Declares Default – [2017-11-14]
• Ray Dalio Buys \$500 Million In Gold EFTs In Q3 – [2017-11-14]
• Subprime Auto Delinquency Is Near Crisis Levels at Non-Bank Lenders – [2017-11-14]
• How to Break Out of Our Long National Tax Nightmare – [2017-11-13]
• The Cattiness Of Wells Fargo Executives Rivals The Ladies From Dynasty – [2017-11-13]
• Debt swap problems pile up in China – [2017-11-12]