My New Blog

Compensation structure for mortgage brokers and retail loan officers has changed per governmental dictates.  As the dust clears we note that a Conforming Loan which is up to a $417,000 loan amount;  You can still get 4.75% either at par or less than $1000 in points.  At 5.250% and a 30 day lock, the lender will rebate a sufficient amount to cover your closing costs.

It's still prime opportunity time to refinance.  And purchase.  Rates are quite attractive and get in before there are further changes to industry regulations!