Infinity Mortgage Group

Knowing what makes up a mortgage payment, can help you decide which mortgage program best suits your needs.
Have questions about mortgages? Give me us call, we can help.

The 7 Parts of a Mortgage Payment Understanding the components that make up a mortgage payment can help you choose the mortgage option that is best for you.

Wishing you a very Happy New Year!

Mortgage Rates Continue to Fall!

"The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week. Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market. However, homebuyers have yet to respond to lower rates, as purchase application demand is still roughly 5 percent below Spring, when rates were approximately the same. This is not uncommon: sometimes as rates decline, demand weakens, and the apparent paradox is driven by buyers making sure rates don’t decline further before they decide to purchase." Freddie Mac

Wishing you a happy and safe Independence Day!

Mortgage Rates Continue to Move Down

"Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth. Top-line inflation numbers were flat but shelter inflation, which measures rent and homeownership costs, increased showing that housing affordability continues to be an ongoing impediment for buyers on the house hunt." Freddie Mac 6-13-2024

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💸Get The Cash You Need From the Comfort of Home🏠

Ready to tap into your home's equity for financial flexibility? Introducing our Standalone HELOC - the perfect solution to achieve your goals without the hassle. Click this link for a free HELOC qualification; 5 mins or less, no SSN needed! 👉https://img-heloc-qualifier.secure-clix.com

Buying a home is a big decision! Is now the right time for you? If you have questions about financing, interest rates, or the market, give us a call. We're here to help! Click this link for a free home purchase qualification; quick & hassle-free, no SSN needed! 👉https://img-home-purchase-qualifier.itclix.com/

Is Now a Good Time to Buy? Whether you are ready to buy a home depends on your personal financial situation. But you can become a more informed and prepared homebuyer by following these housing market conditions.

Edmonds is such a great place to work and visit! Looking forward to the Lunar New Year celebration on Saturday.

LNYE Lunar New Year Edmonds, WA celebrating the Lunar New Year.

Mortgage rates decrease to lowest level since May of 2023.

"Mortgage rates decreased this week, reaching their lowest level since May of 2023,” said Sam Khater, Freddie Mac’s Chief Economist. “This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale.” -Freddie Mac

Depending on the number of monthly payments remaining, and whether your loan is in a state of forbearance or forgiveness, you may be able to exclude your student loan debt from your DTI ratio. Have questions regarding student loan debt? Give us a call, we can help.

Qualifying for a Mortgage with Student Loan Debt Don’t let your student loan debt dissuade you from homeownership if you’re financially ready.

Thank you, Pete! All the best for you next adventure from the 12’s at Infinity Mortgage Group.