|The House of Representatives is poised to approve a $1.9 trillion stimulus bill that includes new $1,400 stimulus checks. The legislation is expected to be finalized in mid-March.
FDA panel today unanimously backed Johnson & Johnson’s single-shot coronavirus vaccine for emergency use, a critical step paving the way to distribute a third preventative treatment in the U.S. next week.
Economy doing better than many expected with respect to adapting to Covid-related restrictions; it puts obvious upward pressure on interest rates. Another week of rising rates spurred homeowners and buyers to hold their applications, and the trend is not expected to turn any time soon.
The Fed is still purchasing about $5B every day in mortgage-backed-securities. However, the market has been volatile lately. It is necessary to closely monitor daily fluctuations to decide whether to lock in rates. The interest rates have risen by at least 0.5% since last week.
|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.