Archive for the ‘Mortgage Rates’ Category

  • How to Choose an Agent

    How to choose a real estate agent to help you buy or sell a home. Most people start their search online or seek the advice of friends. Some people will seek out top producing agents or start at some of the big companies such as Century 21 or Prudential. But, will that guarantee you of an exceptional agent, or even, an exceptional experience? Experience shows that what matters most is finding an agent that you have a personal connection with, and who is going to have a laser-like focus on your needs and do everything to achieve the goals. If you’re looking for an agent that will work tirelessly for you, then look no further. Please give me a call or shoot me an e-mail and I will provide you with a free 90-minute consultation to find out exactly what you’re looking for, what is important to you, and to see if we are a good fit for each other. There is absolutely no obligation from this meeting, what really drives me is to leave people better than I found them. I look forward to hearing from you. Craig Sutliff Real Estate Consultant & Mortgage Planner The GreenHouse Group P: 619-857-4954 E: BRE Lic# 01735288, NMLS ID#

  • Brexit for Breakfast, yum!

    Brexit for Breakfast, yum! So what does England withdrawing from the European Union mean for the mortgage and real estate market? Well, as I’m sure you’re already aware, we have had a massive sell-off in the stock market.  The money that used to be invested in stocks, is now running to the safety of bonds.  With the increased demand for bonds the price of bonds increases which, consequently, pushes the interest rate, or yield, of those bonds down.   In turn, this translates into lower mortgage interest rates.  So if you are buying a home or refinancing your current mortgage right now, your timing could be no better.  Lower interest rates means lower payments and increased savings, something everyone loves!  Additionally on the real estate side, these lower interest rates will increase your purchasing power and will allow you afford a higher-priced home without an increase in your monthly payment!  The old adage that it only makes sense to refinance if you drop your interest rate by 1% made sense in the “old” days when most mortgage loans were around $100,000.  But, most people have mortgage loans ranging from $300,000 to $600,000 and even .500% drop in interest rates could save you tens of thousands of dollars.  So, for a free mortgage loan consultation to see if refinancing might make sense for you, or how much more purchasing power a lower rate will provide you, give me a call or shoot me an

  • Great Life Hack for Anyone

    Hey there, here is, what I think, is a great life hack for anyone. Most people strive to improve upon themselves in business and in their own personal lives.  It is something that drives me to improve myself every day.  Whether it is to be a better agent for my home buyers and home sellers, be a better mortgage consultant for my mortgage loan clients, a better father to my kids, a better husband to my wife or a better friend to those dear to me.  I will always strive to do my best.  Though, in order to improve, one must also recognize areas that need improving.  So, with Father’s Day just passing by, I decided to share with you one thing that I tell my children, and that is:  “Take my Best, and Improve upon the Rest.”  There will always be certain things that we wish we could do better, and certain shortcomings that, for whatever reason, we just can’t seem to change.  So I tell my kids that I will always strive to do my best, and improve myself, to take the best I have to offer them in life, and then work on improving the areas, for themselves as they grow older, where they might think I have come up short. Kind Regeards, Craig Sutilff Real Estate & Mortgage Consultant The GreenHouse Group, Inc. Email:

  • One Thing You Need To Know About Interest Rates

    May 23, 16 • Huggy • Mortgage RatesNo CommentsRead More »

    The one thing you need to know is that rates could go lower.  While that may be hard to believe there are some economic forecasters who are predicting a recession within the next 2-3 years which could mean even lower rates than the ones we have now.  What could this mean for your mortgage plan?  Does it make sense to invest in buying down your rate now if you end up refinancing that mortgage in a couple years to get a lower rate?  How about considering an Adjustable Rate Mortgage that could give you the lowest rates available now and benefit you down the road when interest rates drop again. What can you do to ensure you are in the best position possible to make the best decision? A free annual mortgage review is great start.  This free service will take a look at where you are now and compare it to the market so you can clearly see if making a move now is the best action to take or if your current rate is better than the market.  To find out click here.     By David Hughson Mortgage Planner 858-863-0264 |  

  • Question you MUST ask when buying a home

    Here is a Question you MUST ask when buying a home. As they say, buying a home is one of the largest financial decisions you’ll make in your life. What THEY never tell you is all the important intricacies and decisions that come up AFTER you find that perfect home. Craig Sutliff here with The GreenHouse Group.  I’d like to talk to you briefly about one of those important decisions that seems innocent enough, and that is obtaining home insurance. Now the lender is going require you to have insurance on the property that they’re financing, that makes sense.  But, not all insurance policies are not created equal. The lender requires, what is called, a Fire and Hazard policy, to cover the home.  What THEY don’t tell you, is what is NOT covered inside your home. Many people own valuable things, such as: coin collections, stamp collections, sports memorabilia or card collections, firearms, or jewelry such as wedding rings….all of these important and valuable items are NOT covered by a standard policy. To have these items covered you’ll need to purchase what are called an insurance Riders for any of those specific items. Now, most buyers will wait until late into a real estate transaction before they contact an insurance agent or broker, and many times after they have removed all their contingencies and their earnest money deposit essentially belongs

  • Rate Shopping – 2 Things You Need To Know

    Feb 29, 16 • Fat Ashton • Mortgage RatesNo CommentsRead More »

    Rate Shopping – 2 Things You Need To Know Scott Van Vugt here at the GreenHouse Group, and if you are out there comparing rates I have 2 things you need to know before making a decision. If you have questions on what those might be, or how they might affect you, email me at:

  • Interest Rates & Real Estate

    Well, as they say, history has a way of repeating itself!  In my last blog post before the Fed raised interest rates, I had surmised that the Fed would raise the Federal Funds rate AND that mortgage rates would actually go down.  To see what was going to happen with mortgage rates after the Fed ultimately raised the federal funds rate, I simply look to the pas.  Having been through many of these before in my 20 years of doing mortgage loans, I determined there was a high likelihood of mortgage interest rates dropping, and that is what happened.  Mortgage interest rates even hit the lows that we haven’t seen since way back in 2012.  Now, this is not due, completely, to the Fed raising the federal funds rate, but more to macro economic events and the global economy.  If you want more information on the direction of interest rates and the effect on real estate and the housing market, please reach out to me and my information below. Craig Sutliff 619.857.4954    

  • Fed Rate Hike Could Be Good For Long Term Interest Rates

    Dec 14, 15 • Huggy • Mortgage Rates, Purchase Loan, RefinancingNo CommentsRead More »

    In two days the central banking system of the United States known simply by most people as the Fed will meet to discuss monetary policy.  Most are predicting an increase of .25 to the federal funds rate will be the result of this meeting.  So, what is the federal funds rate and what does this increase mean?  In short, the federal funds rate is the overnight lending rate banks charge each other to borrow money.  This short-term lending rate affects consumers’ like you and me on our short term debts like equity lines and credit cards. Most people think in terms of long term debt.  Examples of long term debt are the mortgage you have on your house or your students loans.  I’ve had many people contact me over the last few months who have an eye on the December 16 Fed meeting thinking that long term interest rates will be going up to end 2015.  A little perspective, the last time the Fed started to increase the federal funds rate was 2004 and it lasted until 2006.  During that time what happened to long term interest rates for 30-year fixed mortgages?  Not much.  In fact, they pretty much stayed the same.  This is why I think the Fed rate hike could be good for long term interest because our economy is slowly recovering which means a modest .25% increase

  • Google Could Be Your Next Mortgage Broker

    Nov 30, 15 • Huggy • Mortgage RatesNo CommentsRead More »

    By Kathryn Vasel of CNN Money The tech giant launched Google Compare for mortgages on Monday that will allow potential home buyers to find and compare home loans. When looking to buy a home, experts recommend shopping around to find the best mortgage terms. With Google Compare, users will be able to enter personal information, including property value, down payment size and approximate credit score to get tailored results. The results will also show lenders’ ratings and reviews. Homeowners can also use the tool to refinance their mortgages. The product is currently only available in California, but the company plans to expand into other states. Google is registered as a licensed mortgage broker. Though the company won’t be financing mortgages, it will aggregate quotes from local and national lenders it has partnered with, includingZillow (Z) and Lending Tree (TREE), in order to help users find the best mortgage. Google (GOOG) acknowledged that lender participation is based on a flexible cost-per-lead model, which means the company is paid by the mortgage lenders. To contact a mortgage professional click here David Hughson Mortgage Planner 858-863-0264  

  • What Happens If The Fed Raises Rates?

    Sep 28, 15 • Huggy • Home Buyers, Mortgage Rates, Purchase LoanNo CommentsRead More »

    If the Fed raises rates a quarter point, that does not directly correlate to a quarter-point increase in mortgage rates. The average rate on the 30-year fixed loosely follows the direction of the yield on the 10-year Treasury bond. If rates did move a quarter-point higher, they would still be lower than they were in 2013, when the Federal Reserve first announced it would start to “taper” its investment in mortgage-backed bonds. Siri Stafford | Getty Images Nearly two-thirds of the consumers polled said the maximum price they would pay for their first or next home was $250,000. With 20 percent down, the rate increase could mean some buyers would qualify for less on a mortgage, but it would not turn those buyers away. 9/17/15 excerpt from post on titled “Do homebuyers really care about rising rates?”  Edited by Diana Olick | @DianaOlick Free Mortgage Plan David Hughson Mortgage Planner 858-863-

The GreenHouse Group, Inc. | Real Estate Consulting & Mortgage Planning. "Moving People With Purpose."

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