Rancho Federal Credit Union

Roughly 54% of homes sold in the U.S. during May closed at over their listing price, according to data from Redfin, which is a new record. Buyer competition is fierce due to low inventory and homebuilders catching up to meet demand. If you’re shopping for a new build home, contact us for your mortgage pre-approval today! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243 . . #mortgagebroker #homebuyingtips #interestrates #mortgagebrokers #bestservice #winning #advice #credit #elite #homelife

Changing your name, job, or salary, as well as applying for new credit cards or making a large purchase, are a few examples of things that can slow down your mortgage approval process. Wait until after your home loan closes before considering any of the above! . Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243 #lending #loveyourhome #buyahome #firsttimehomebuyer #livingthedream #dreamhouse #homebuying #homegoals #house #equity

Thanks again Ryan & team for taking great care of our members! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

The annual percentage rate (APR) gives you the best picture of the total cost of your mortgage. APR is your interest rate plus ancillary charges and feessuch as closing costs and discount points- expressed as a yearly rate. By law, a loan's APR is always expressed as a percentage next to the interest rate. . . #mortgagebroker #homebuyingtips #interestrates #mortgagebrokers #bestservice #winning #advice #credit #elite #homelife

Buyer demand for second homes continues to rise. According to Redfin, the number of buyers who locked in mortgage rates for second homes soared 178% year over year, marking the 11th straight month of 80%-plus growth. Are you in the market to buy a second home? Contact us today for your mortgage pre-approval! . Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243 #lending #loveyourhome #buyahome #firsttimehomebuyer #livingthedream #dreamhouse #homebuying #homegoals #house #equity

According to Realtor.com, homes sold in 66 days on average in December 2020, 13 days faster than in December 2019, while homes in the nation's 50 largest metros sold in only 56 days on average on the market. If you’re in the market to buy a home, contact us today for your mortgage pre-approval! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

Millennials are rushing to get their mortgage #refinanced, according to new #data released by Ellie Mae. Refinance activity accounted for 45% of all loans closed by millennial borrowers in November, as they refinanced to lower their monthly mortgage #payments. Contact us today for your refinance so you can start saving! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

Our lending partner Ryan always takes such great care of our members! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

Reminder! Annual Meeting of the Members

Freddie Mac’s Quarterly Forecast reports that mortgage rates are expected to remain flat over the next year. From the third quarter of 2020 through the end of 2021, it’s forecasted that mortgage rates will stay unchanged at 3%. Contact our credit union today for your record low rate mortgage! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

So true! Comment below if you feel happy at home! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

If you’re a homeowner considering a refinance, you may want to decide quickly. Any loans purchased by Fannie Mae and Freddie Mac after December 1 will incur an additional fee. As it can take several weeks or months to process a refinance application, starting the process now can give you the best chance of refinancing for less money. Contact our credit union today! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

According to Realtor.com, many buyers tend to put their home search on hold after the start of the school year, but remote learning and the desire for more space continued to fuel buyer interest in September, which has created competition amongst buyers. If you’re looking to purchase a home, contact our credit union today for your mortgage pre-approval, as a pre-approval can give you an advantage over other buyers. Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

Comment below if you agree! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

According to Zillow’s Weekly Market Report, homes stayed on the market a median of 13 days. This short time has been typical for the past two months. The time on the market a year ago was about 15 days longer. If you’re looking to buy, contact our credit union today for your mortgage pre-approval! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

According to the Mortgage Bankers Association, home purchase applications were up more than 25% from a year ago. This is proof that the strong summer homebuying season has carried over to the fall. If you’re looking to buy, contact our credit union today for your low rate mortgage! Ryan McDonnell NMLS# 922597 | PRMG NMLS# 75243

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