Should You Refinance?

Four things to ask yourself... 1.) How is your credit rating? 2.) What is your present home worth, what do you owe? 3.) Will you be selling your house in the near future? 4.) Will you make the best deal you can? Read more...

Have Less-Than-Perfect Credit?

This is a brand new and exciting offer for those with less-than-perfect credit seeking a new home mortgage or to refinance their existing home. Peak Home Loans specializes in bad & poor credit mortgage refinancing and home purchases. Since 2004 that has been our sole mission... getting approvals, great rates & favorable terms for those without perfect credit. And we’ve finally put the final pieces of the puzzle in place for you. That’s right, we just assembled the most exciting state-of-the-art lending solution in the United States. This guarantees you the lowest rate and best terms regardless of your credit history. Read more...

Jump For Joy With A New Mortgage!

At Peak Home Loans, we will tailor a home purchase loan just for you. Whether you are interested in the lowest rate home loan, lowest up-front loan cost or lowest APR we have a home purchase loan package to fit your needs. We even offer zero down loans for home buyers - up to 95% of your home’s value. Read more...

Mortgage Underwater? Use HARP Refinancing

The Home Affordable Refinance Program, or HARP loan, is a program that will allow you to get a new and more reasonable mortgage that fits your budget. This particular program is for situations where the home value has decreased quite a bit, and as such, it’s been hard for the home owner to get more traditional loans or financing options. Read more...

Save Big Money With A New Home Loan From Peak Home Loans

We provide home loans starting at 2.63% for home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more. A $100k loan with Peak Home Loans is only $404/mo. Up to 4 in 5 can qualify. Rates are at an all-time low, you should consider applying today. Read more...

 

Income Growth Key To Housing Sentiment

Fannie Mae’s Home Purchase Sentiment Index looks at consumers’ attitudes toward buying and selling a home, mortgage rates, household income, prices, employment and more in an effort to measure Americans’ feelings about the residential real estate market. According to the most recent release, housing optimism slipped slightly in January, falling 1.7 points from the month before. Doug Duncan, Fannie Mae’s senior vice president and chief economist, says income growth isn’t keeping up with home price increases and it’s causing affordability concerns among potential buyers. “Housing affordability is being constrained because the pace of growth in real income has not kept up with gains in real home prices as demand has grown faster than supply,” Duncan said. “On the bright side, consumers have been increasingly positive about their ability to get a mortgage, suggesting that credit tightness is not the main issue limiting housing market activity today, a feeling that we also see conveyed by lenders in our Mortgage Lender Sentiment Survey.” Duncan expects that consumers’ attitudes toward buying a house will likely remain flat until income growth picks up or there is an increase in the number of lower-priced homes available for sale. More here.

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You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Baby Boomer Buyers Are On The Move

There’s been plenty of talk about the fact that there are fewer young Americans buying homes over the past few years. On the flip side, however, the market for new homes among buyers 55 and older has remained strong and continues to improve. In fact, the National Association of Home Builders 55+ Housing Market Index – which measures builders’ perceptions of the market among older buyers – has now seen seven consecutive quarters of positive readings. David Crowe, NAHB’s chief economist, says those gains will likely continue. “This quarter’s 55+ HMI is in line with our forecast for the overall housing market, which shows a gradual, steady recovery,” Crowe said. “In addition, the 55+ housing market is benefitting from growing home equity on the balance sheets of 55+ households, an improving economic outlook, historically low mortgage rates and a growing population as baby boomers age.” In other words, there are an increasing number of baby boomer households that have seen their current home’s value rise and are looking to capitalize on the equity they’ve gained by shopping for a new house that fits better with their needs and lifestyle. With affordability conditions still favorable across much of the country, builders expect to see many older buyers active in the market in the coming months. More here.

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You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Strong January Heats Up Spring Forecast

Early indications are that economic uncertainty and turmoil in the financial markets didn’t curb consumers’ interest in buying a home at the beginning of this year. In fact, according to Realtor.com’s chief economist, Jonathan Smoke, an initial look at the data shows buyer interest increased in January. “Our initial readings on January affirm the positive growth we expect to see in the residential real estate market in 2016,” Smoke said. “Our traffic, searches and listing views exhibited the January ‘pop’ we saw last year, which made for a strong spring.” Additionally Smoke says there have been large numbers of prospective buyers who have indicated that they intend to buy a home in the spring or summer of 2016. This is encouraging news for the housing market, especially since mortgage rates have declined rather than increased since the Fed’s decision to raise interest rates. That leaves low inventory and tight credit standards as the two major obstacles for home buyers this year. Fortunately, credit availability has been easing recently and increasing new-home construction should help alleviate some of the upward pressure on home prices that comes from a lower-than-usual number of homes available for sale. According to Smoke, the best advice for buyers hoping to buy a house in 2016 is to start early. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

East Coast Snow Slows Mortgage Demand

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week. Rates dropped across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Despite the lowest rates in months, however, demand for mortgages was down from the week before – mostly due to a 7 percent decline in the number of requests for applications to purchase homes. Michael Fratantoni, MBA’s chief economist, told CNBC blizzard conditions on the East Coast may be behind the decline in mortgage demand. “Mortgage rates fell below 4 percent in our survey for the first time since October 2015. The jumbo rate also decreased and was at its lowest level since April 2015,” Fratantoni said. “Despite the fall in rates, mortgage application activity was likely muted by the major East Coast snowstorm, although refinance activity increased very slightly.” Even though purchase application demand was down from the week before, it remains 17 percent higher than at the same time last year. The MBA’s weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Local Markets Stable In Majority Of Metros

The housing market has come a long way since hitting its bottom in 2010. To prove it, Freddie Mac’s Multi-Indicator Market Index tracks just how far individual states and metropolitan areas have progressed since then. The index takes a look at home purchase applications, payment-to-income ratios, proportion of on-time mortgage payments, and the local employment picture in each market and determines how it compares to their long-term averages. According to the most recent release, 57 of the 100 metro areas included in the survey are within their stable range. At the same time last year, only 28 metros had values in stable range. Len Kiefer, Freddie Mac’s deputy chief economist, says the latest results show a strong year-over-year improvement, though there’s a lot of variation from market to market. “The regional variation of housing activity continues to become more pronounced,” Kiefer said. “For example, we’re still seeing declines in oil-dependent housing markets, whereas the hardest hit metros from the Great Recession continue to see some of the best improvement as they recover. And at the same time, other markets are seeing even stronger improvement because of robust home sales fueled by strong local economies that remain largely affordable for the typical home buyer. In the short term, we expect home buyer affordability to remain strong with mortgage rates continuing to look very attractive to prospective home buyers.” Among the metro areas that were most improved from last month, Orlando, Denver, Portland, Albany, and Phoenix led the way. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Contract Signings Unchanged In December

When a prospective home buyer signs a contract to buy a home, the closing process begins. At that point, the home sale is listed as pending. Each month, the National Association of Realtors tracks the number of contract signings because, among other things, it provides a good indicator of what future sales of existing homes might look like. In December, the Pending Home Sales Index was virtually flat, increasing just 0.1 percent. Lawrence Yun, NAR’s chief economist, says contract activity lost some momentum at the end of the year, though an increase in the Northeast helped stabilize December’s results. “Warmer than average weather and more favorable inventory conditions compared to other parts of the country encouraged more households in the Northeast to make the decision to buy last month,” Yun said. “Overall, while sustained job creation is spurring more activity compared to a year ago, the ability to find available homes in affordable price ranges is difficult for buyers in many job creating areas.” Despite those challenges, however, pending sales ended the year 4.2 percent above year-before levels. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

New Home Sales End Year On A High

Despite some signs of weakness in the overall economy, the housing market continues to make gains. The latest in a string of positive releases is the U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales Report For December. According to the numbers, sales of newly built single-family homes rose 10.8 percent over the previous month’s estimate. That means, at the end of the year, there had been a total of 501,000 new homes sold in 2015 – a 14.5 percent increase over 2014. Sales in December likely benefited from unseasonably warm weather in areas usually slowed by winter weather. In fact, the Midwest lead all regions with a 31.6 percent rise over the month before. Other regions, such as the West and Northeast, also saw double-digit gains, though the South was virtually flat. Sales were also supported by an increase in the number of new homes available for sale. Rising inventory offers buyers more choices and helps relieve upward pressure on prices. To that point, the median price of a new home dropped in December to $288,000, 4.3 percent lower than one year ago. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

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