Everyone Wants to Know: What Are Mortgage Rates Today?
Mortgage rates matter. But the rate is only one part of choosing the right mortgage professional.
My goal is to provide competitive mortgage pricing along with experience, communication, mortgage strategy and an efficient path toward closing.
I Am Not Going to Promise You the Lowest Mortgage Rate in America
And I am not trying to be the highest.
I work to keep mortgage pricing highly competitive with current market conditions while giving my clients something that a simple rate quote cannot provide: experience, communication, strategy and execution.
A Mortgage Is More Than an Interest Rate
When you choose a mortgage professional, you are trusting someone with one of the largest financial transactions of your life.
Market Knowledge
Mortgage pricing can change as financial markets react to inflation, economic reports, bond-market activity, investor expectations and other economic developments. I want my clients to understand what may be affecting the market instead of simply receiving another rate quote.
Mortgage Strategy
The lowest advertised rate is not automatically the best mortgage. Loan program, down payment, credit, discount points, lender credits, property type and long-term plans can all affect the decision.
Efficient Closings
Once you are under contract, execution matters. Documents need to be reviewed, underwriting conditions addressed, questions answered and the mortgage moved efficiently toward closing.
Why Can Two Mortgage Quotes Be Different?
There is not one universal mortgage rate for every borrower. Mortgage pricing can depend on the borrower, property, loan program and current market conditions.
Factors That Can Affect Your Mortgage Pricing
Your actual mortgage pricing can depend on several details about your financial profile, property and loan.
Your credit score and overall credit history can affect available mortgage pricing.
Your down payment and loan-to-value ratio can influence mortgage pricing and available loan programs.
The size of the mortgage can affect the loan options and pricing available to you.
Pricing may vary depending on whether the property is a single-family home, condominium, townhome or another eligible property type.
Mortgage pricing may differ for a primary residence, second home or investment property.
Conventional, FHA, VA and other mortgage programs can have different pricing structures and requirements.
Paying discount points or choosing lender credits can affect both your interest rate and closing costs.
The length of your mortgage rate lock can affect pricing.
Mortgage-backed securities, inflation expectations, economic data and overall financial-market conditions can cause mortgage pricing to change.
What About an Eighth of a Percent?
There may be another lender advertising a rate that is 0.125 percent lower on a particular day.
Before making a mortgage decision based solely on an eighth of a percent, compare the complete loan terms, points, lender fees, credits, service, communication, mortgage strategy and ability to execute.
Before You Choose a Mortgage Professional, Ask These Questions
Mortgage Experience Since 1997
I began my mortgage career in 1997.
I have worked through rising-rate environments, falling-rate environments, housing booms, housing corrections, changing underwriting standards and highly competitive lending markets.
That experience helps me look beyond today's rate quote and focus on the complete mortgage transaction.
What You Can Expect When Working With Me
I work to provide competitive mortgage options based on current market conditions and your individual loan scenario.
You should know what is happening with your mortgage and what comes next.
The goal is not simply obtaining a rate. The goal is finding an appropriate mortgage structure for your situation.
I focus on preparation, communication and moving the mortgage process forward efficiently.
Buying a Home in Chicago or the Suburbs?
Let's talk before you start shopping for the house.
We can review your goals, potential buying power, expected payment, available mortgage programs and the next steps toward preapproval.
Start My Secure Application Call or Text 312-656-0220