Wall Street and the mortgages
The country is certainly in a unique financial situation. The news on Wall Street is pushing rates around by the day, but that does not necessarily have a negative impact on all loan programs. The uncertainty is influencing potential buyers’ decisions to purchase, but thirty year rates are still at historic lows. What lenders have seen over the past 24 months is a demand for larger down payments because of foreclosures in other markets. Usually we can still approve someone with as little as 3% - 5% down as long as they have a job and decent credit.
Guest Blog by:
Chris Ackerman
Home Mortgage Consultant
Wells Fargo Home Mortgage
M5301-011
1550 Poly Drive
Billings, MT 59102
406.869.7612 Tel
406.860.7212 Cell
406.869.7609 Fax
chris.ackerman@wellsfargo.com
http://www.wfhm.com/chris-ackerman
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