The Mortgage Report

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Mortgage and Lending - NMLS License #113781
I'm here to educate homebuyers and/or sellers on topics related to mortgage lending and share fun and educational facts about the real estate market. My company, FirstTrust Home Loans, offers highly competitive rates through our direct to consumer lending channel (no middleman) known as “Direct Rate.” We do this with transparency, service, speed, and a human touch. To meet these requirements, we offer an engaging, concierge user experience. Our Direct Rate system provides an intuitive borrower portal that offers simple, transparent interaction, the ability to easily, safely, and securely upload and store documents with real-time status updates and the ability to engage with experienced lending professionals at any point in the process. We have been in business since 2003. Choosing a mortgage lender is a major decision, and at FirstTrust Texas, we take our jobs as lending professionals very seriously. Please consider us for an opportunity to earn your business. Hope you find my blog educational.
According to the Wall Street Journal, the number of Americans taking loans against their 401(k) plans is increasing because most plans allow participants to borrow funds to purchase a home or to avoid foreclosure.But just because the avenue is there, though, doesn't mean that borrowing from a 401...
For holders of credit cards and home equity lines of credit, Fed Funds rate cuts are good news. Both of these financial products feature interest rates tied to Prime Rate. Prime Rate is tied to the Fed Funds Rate. When the Fed Funds Rate comes down, therefore, so does the rate of borrowing for cr...
When a loan officer locks a mortgage rate for you, that rate is tied to an expiration date. The expiration may be 30 days, or 75 days, or 90 days, or more into the future, but so long as the rate is "locked", the bank is committed to delivering that rate to you at your closing.What most people do...
The definition of Fed Funds Rate from the Federal Reserve:The federal funds rate is the rate charged by one depository institution on an overnight sale of immediately available funds (balances at the Federal Reserve) to another depository institution; the rate may vary from depository institution...
Mortgage rates were up last week on weak housing data and a growing nervousness about mortgage bond quality. Rates would have been up more if not for a tame inflation reading Friday. The Personal Consumption Expenditures report fell Friday to 2.0% year-over-year, putting it back within the Federa...
Each quarter, the Census Bureau releases the Homeowner Vacancy Rate, a housing statistic the measures the percentage of homes for sale that are vacant. A home listed for sale may be vacant for several reasons including:The home has been foreclosed and the owner has moved outThe home seller moved ...
Consumer Confidence fell to its lowest point in three years and anybody who watches the evening news can understand why.Each day, news programs barrage Americans with tales of economic woe and American Opinion is largely shaped by the media.After enough time, the reporting becomes a self-fulfilli...
Each month, the Commerce Department and the National Association of REALTORS® release national housing data. The former's release is called the New Residential Sales report and the latter's is called the Existing Home Sales report.Both reports highlight the "median sales price", the point at whic...
When mortgage rates change rapidly, it's a fiscal challenge to shop for a home and/or home loan. Lately, mortgage rates have been especially volatile, mirroring the wild moves of the stock market. Here's how up-and-down stock markets have been in 2008: Through last week, the S&P 500 Index changed...
Statistic #1: According to the Census Bureau, 69% of Americans are homeowners. Statistic #2: According to, 42% of Americans have a basic will. Basic Math: 27% of American homeowners are in need of a basic will. Addressing mortality can be difficult for some people, but even more diffi...

Kevin Whatley

Professional Mortgage Lender
local_phone(817) 930-2575
smartphone(469) 993-9395
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