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Mortgage rates improved slightly last week, helped by signs that despite headline numbers showing strength the labor market has cooled off from earlier in the year. Increasing unemployment makes it more likely the Fed will cut its policy rate at the December meeting.

While mortgage rates haven’t returned to the lows seen in September, they have eased from the highs of October and early November. This week’s inflation data and next week’s Fed meeting could cause rates to fluctuate day-to-day, but significant rate increases seem unlikely this week. However, it’s not likely we see rates move much lower from here either.

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What’s affecting rates this week:

• • Inflation data: Consumer inflation data comes out Wednesday and is most likely to have an affect on mortgage rates, with wholesale inflation data coming out on Thursday. Declining inflation numbers would help mortgage rates improve, while signs of increasing inflation could pressure rates higher.
  • Treasury auctions: There are a few auctions this week, and strong demand from investors would help keep Treasury yields lower, which typically benefits mortgage rates.

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  Sign up for our pricing alerts (email me Mike@thecashflowcompany.com).  Let us know what rate you are looking for and we will reach out when they hit your target.  Rates will are going to bounce around for the next 12 to 18 months.  Don’t miss the next rate dip.  They won’t last long.

DSCR Loans

40 year options now available!

Best Rate at 60% LTV:    6.375% to 6.5%

Best Rate at 70% LTV:    6.625% to 6.875%

Best Rate at 80% LTV:    7.% to 7.25%

Highest LTV:    85% (purchase + rate and term)

Lowest FICO score:    620

Smallest Loan:    $65,000

Largest Loan:    $20mm (large portfolios)

Vacant Properties:    75%

Short-Term Rentals: 80% (purchase + rate and term)

Best rates are based on 780+ credit score, DSCR above 1.15, loans over $300k and in major cities.  We have 20+ of the best DSCR loan buyers at our fingertips and can help with most clients’ needs.

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No Ratio Loans

Highest LTV: 75% (Purchase + rate and term)

No ratio loans are loans that do not require a rental agreement or have negative cash flow.

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Conventional Loans

Owner Occupied: 5.98% to 6.275%

Non-Owner Occupied:  Low 6.75% to 7.125%

Conventional loan rates powered by TNS Loans NMLS #1719349 on properties in Colorado.  If you want specific rates, reach out to TNS Loans via email at MB@TNSLoans.com.

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Private Loans

Small Loans and Lenders (.5 – 3 Points): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 8.25 – 10%

 Highest LTV 100% of full project up to 72.5% ARV

 Lowest FICO score:   Mid 500’s with good credit last 12 months

 Smallest loan:    $10k

 

Who has the best terms on fix and flip loans in Colorado?  We are keeping track and it is between Cap Fund 1 and Merchants Mortgage

 

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Business Credit Cards

0% for up to 18 months

Options for business 3 months plus in business

Credit usage loans available to increase score to qualify for business credit cards

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HELOCS

RENTAL HELOCS from 70 – 80%.     Fixed and adjustable.   RATES AT PRIME + O

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Don’t forget to grab a copy of your personal Investor Mortgage Report here! 

What are the best loan products for where you are at now and where you are going.  

Keep up as rates get better and requirements become easier.

Investor Mortgage Report – Week of December 9th, 2024