Mortgage Market News: Against a consensus forecast of 180K, the economy added 209K jobs in July. The unemployment rate declined from 4.4% to 4.3%, which matched May's reading at the lowest level since 2001.
With little fresh news from global central bankers this week, the economic data was the primary influence on mortgage rates. Some reports were positive and some were negative. The net effect was that mortgage rates ended the week slightly....http://bit.ly/2vzXsAL. #prmgmiami#prmgelite#mortgages#mortgage#realestate#alwaysbeclosing#1branchinthenation
Have you heard the news? Click on link to hear more: https://m.youtube.com/watch?feature=youtu.be&v=uFTxQFMKX50. Fannie Mae, the largest source of US mortgages, is making it easier for people with all kinds of existing debt - including student loans - to qualify for mortgages. The change kicked off on July 29 when the debt-to-income ratio (DTI), a measure of a borrower's capacity to make payments, rose to 50% from the current 45%. Stay tuned and call us today to find out how this can help you! #prmgelite#prmgmiami#mortgages#realestate#exceedingexpectations#mortgage#alwaysbeclosing#1branchinthenation