THIS IS WHY WE PARTNER WITH ONLY THE BEST LENDERS
As you now rates have been in flux these past few months. It is important for us as a mortgage brokerage to partner with lenders that help us provide the best rates for our clients.
In fact, we work with the number one wholesale lender in the country. What has us excited is that last week they made a rallying cry that just beats everybody in the market right now. Here is why – their pricing is incredibly aggressive. But what does that mean for the borrower, you may ask? Well, that’s what we are here to help explain. Number one, it means that they’ve dropped their pricing anywhere from 50 to 100 basis points. Now hold on don’t get ahead of me, that doesn’t necessarily mean a 50 to 100 basis point drop in the rate. I know, I know, but trust me it’s still good news. What it does mean is that there was about a quarter to a half of a percent decrease in rates across the board on all products. This is HUGE in an increasing rate environment. It helps us get more borrowers in more homes, at lower rates and potentially higher price points. Which is so important in the current real estate market.
If you are still scratching your head wondering – what does all that mean – then you can let out a sigh of relief and keep looking for your dream home because it means you win! It allows us to provide our borrowers with better rates and better products that can make home financing simple, easy, smart.