Triumph Lending

What matters more when qualifying for a mortgage, your payment history or your credit card balance? The answer: lenders care more about your history of on time payments rather than your credit card balance. Want to learn more? Reach out today!

”$417,700: Median existing-home price for all housing types. 0.9% increase from one year ago ($414,000)—the 34th consecutive month of year-over-year price increases.”

Source: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-0-2-increase-in-april

”Existing-home sales increased by 0.2% month-over-month in April, according to the National Association of REALTORS® Existing-Home Sales report.”

Source: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-0-2-increase-in-april

Buying a home soon? 🏡
Here’s a tip you don’t want to miss: Rate locks protect your interest rate from rising before closing.
That means less stress about market changes and more focus on your new home!
Let’s talk about when locking makes sense for you. 👇

🏡 Ever wonder what a loan servicer does?

We’re the team that helps manage your mortgage after closing—handling payments, answering questions, and supporting you along the way.

Think of us as your go-to resource for everything related to your loan.

Rates are lower for the second week in a row. Much of the last two weeks has followed the same pattern:

Morning headlines claiming a peace deal as been reached, oil sells off, rates follow oil lower. Afternoon headlines denying a peace deal, oil and rates move higher, but highs are lower and lows are lower.

Crude oil closed May down 17%, which is good news for future inflation reports. On Thursday, we received April’s PCE Inflation report. Both Headline and Core came in lower-than-expected MoM, +0.4% vs +0.5% expected and +0.2% vs +0.3% expected. Between rumors of peace deals and a reasonable PCE inflation report, the 10-Year Treasury failed its recent breakout above resistance levels. It’s too early for a victory lap, but there is enough for optimism.

Mortgage Myth Busted 👀!

Shopping around for a mortgage won’t tank your credit score the way many people think. Multiple inquiries within a short window are usually treated as ONE—so go ahead and compare your options with confidence.

Quick mortgage tip 💡

Paying off your credit card might lower your score—temporarily!

Sounds backwards, right? That’s why having a strategy matters when you're preparing to buy a home!

”Pending home sales in March increased by 1.5% from the prior month and declined 1.1% year over year, according to the National Association of REALTORS® Pending Home Sales report.”

Source: https://www.nar.realtor/newsroom/nar-pending-home-sales-report-shows-1-5-increase-in-march

”1.4% increase in median existing-home sales price to $408,800.”

Source: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-3-6-decrease-in-march