You may have seen it in one of our local Bozeman real estate listings: “Seller offering $10,000 in seller credits for buyer rate buy-down, closing costs, and prepaids.” This language is more common in this market with high prices and rates. That sounds great for a...
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MONTANA’S REAPPRAISAL AND TAX LETTERS EXPLAINED
Did you receive a property reappraisal letter? Like you, the GoPrime Bozeman team recently got letters from the Montana Department of Revenue regarding property reappraisals and their effect on property taxes. We’re sure you were like us and wanted to drop that letter...
Mortgage Prequalification vs. Mortgage Preapproval
Mortgage prequalification is an assessment of whether your debt-to-income ratio fits underwriting guidelines for one of the many types of home loans that we offer. It also provides an estimate of how much you may be able to borrow - a good first step in the...
Bozeman Home Loan Mortgage Rates Back to 2014 Lows
by: Matthew Graham Mortgage Rates Back to 2014 Lows Bozeman Home Loan Mortgage Rates Dec 10 2014, 3:59PM Mortgage rates moved only slightly lower today, but it was enough to bring the end-of-day average to the lowest in more than a year an a half. For the record,...
What is the “best rate” at any given time?
I get a lot of questions from customers regarding what they've read on the internet or seen on TV regarding interest rates. Today a customer asked me "I saw that 30 year fixed rates are 3.75%, why is my rate 4%?" Well, there are a lot of factors that go into deriving...
Mortgage Rates Improve Ahead of Important Jobs Data
by: Matthew Graham Mortgage Rates Improve Ahead of Important Jobs Data Dec 4 2014, 3:47PM Mortgage rates recovered some recently lost territory today following a press conference with European Central Bank (ECB) President Mario Draghi. While domestic mortgage rates...
Mortgage Rates Continue to New November Lows
by: Matthew Graham Mortgage Rates Continue to New November Lows Nov 17 2014, 3:42PM Mortgage rates moved moderately lower again today, setting another new low for the month of November. That said, the movement has been primarily restricted to the upfront costs...
Bozeman Home Loan Rate Update
Bozeman Home Loan Rate Update by: Matthew Graham Mortgage Rates Holding Near 4 Percent Oct 27 2014, 3:47PM Mortgage rates were almost perfectly unchanged over the weekend. Most lenders are still right in line with Friday's most prevalently-quoted conforming 30yr...
Lender Pricing Pulls Back Ahead of 3 Day Weekend
by: Victor Burek Oct 10 2014, 4:42PM Mortgage backed securities and treasuries opened in opposite directions this morning. MBS opened a few ticks worse than yesterday, while the benchmark 10 year treasury note opened at 2.30, down from yesterday’s close of 2.32. ...