Pandemic-driven demand has sent 2020 home sales to the highest level since 2006; the volume of year-end sales totaled 5.64 million units, far higher than predicted before the pandemic. This could be attributed the Federal Reserve’s maximum liquidity policy, which will assure mortgage rates stay extremely low throughout 2021.
The new administration’s $1.9 trillion stimulus relief package, which is expected to further boost economic growth and lower unemployment rates, has driven Treasury yields higher in the last two weeks. Because of this, record-low mortgage rates may now be a headline of the past.
The Fed will be purchasing up to $6.409B in mortgage-backed-securities today.
Submit new applications as soon as possible in order to catch this golden opportunity, as it currently takes longer than usual to process. |
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IMPORTANT: Advertised rates were valid and effective as of the date reflected above, are for informational purposes only, and are subject to change without notice.
Loans are subject to credit and collateral approval. Advertised rates are based on a set of loan assumptions including a borrower with excellent credit history and optimal loan characteristics. Your final interest rate and annual percentage rate (APR) may differ depending on your individual transaction’s specific characteristics, and certain products may not be available for your situation. Several determining factors include, but are not limited to, the state of the property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value, and credit score.
APR reflects the cost of credit over the term of the loan expressed as an annual rate. For mortgage loans, APR may include the interest rate, discount points (also referred to as “points”), and other charges or fees (such as mortgage insurance and origination fees), but does not necessarily take into account other loan-specific finance charges you may be required to pay.
Golden Star, Inc. dba Transglobal Lending, 185 W. Chestnut Ave., Monrovia, CA 91016, NMLS # 1437002 (www.transgloballending.com). All rights reserved. Equal Opportunity Employer and Equal Housing Lender. All mortgage products are subject to credit property approval. Rates, Program terms and conditions are subject to change without notice. Additional conditions, qualifications, and restrictions may apply. This is not an offer for extension of credit or a commitment to lend. |
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