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Mortgage rates rose last week due to slightly higher inflation data for October and comments from Fed Chair Jerome Powell, suggesting a possible pause in future policy rate cuts

Since mid-September, the mortgage rate outlook has shifted dramatically. Earlier, rates were expected to decrease by the year’s end; now, they are likely to stay at current levels or potentially rise further. Be sure to talk with your mortgage pro about why now is a good time to buy or refinance.

 

What’s affecting rates this week:

• Inflation: While recent data met expectations, there is concern that the economy may accelerate under President Trump’s upcoming administration in 2025, potentially sparking higher inflation. Rising inflation could pressure mortgage rates to move higher.
• The Fed: Expectations that the Fed would continue to cut its policy rate into 2025 are starting to turn around, with markets now preparing for the Fed to hold off on future rate cuts. Although the Fed doesn’t set mortgage rates, the underlying economic conditions that stop the Fed from cutting – a strong economy and labor market – would also contribute to higher mortgage rates.
  

  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:    7.10% to 7.325%

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:6.375% to 6.625%

Non-Owner Occupied:  Low 7.25% to 7.5%

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 November 18, 2024