Mortgage Update: June 23

The more things that change, the more they stay the same.

There's so much news that happens that kicks rates up a little bit and news that brings rates down a little bit. Lately, the rates always seem to funnel in the range that we're currently in. Going into a weekend of open houses, rates are in the 6s. If you're a first-time homebuyer, it will certainly be less than that, which is great. Remember, low-level price adjustments go away for a first-time homebuyer.

Going into this open house weekend, make sure you are prepared. Get pre-approved through our underwriting process. We can move quickly for you. Please don't hesitate to call us.

With the market movement lately, companies react differently in how they price loans. What we are seeing for us, the initial rates that we are able to offer prospective borrowers have been really, really strong. We are winning a lot of deals. We are able to create quick, fast responses and secure pre-approval through our Good to Go fully underwritten loan commitments. 

Please contact us. We are ready. We want to work with you. Contact your loan officer or contact our team so we can put you in touch with one of our loan officers. We are here to help.

Please email mortgages@johnadamsmortgage.com.

Have a great weekend!