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CT Mortgages - As a self-employed borrower are there any additional documentation requirements?

CT Mortgages - In this video, Sandra A. Montanari discusses additional documentation requirements for self-employed borrowers. The Diamond ...

Mortgage rates soar to seven-year high

Mortgage rates are influenced by many factors but significantly by investors' expectations. A strong economy tends to cause home loan rates to increase. One way to predict where rates are headed is to track the movement of long-term bonds, particularly the 10-year Treasury.

When yields to up, mortgage rates tend to follow, and the yield on the 10-year bond has been on an upswing recently. It grew to 3.23 percent on Friday, rising 14 basis points since the start of the month. It has retreated the past couple of days but still is hovering around 3.2 percent.

The last time the yield on the 10-year Treasury was this high, mortgage rates were around 5 percent. Danielle Hale, chief economist at Realtor.com, expects rates to rise to that level next week.

"Although a 5 percent mortgage rate is historically low, crossing this threshold could have a sticker-shock effect on some buyers currently in the market," she said. "We could see some buyers, especially first-timers, leave the market as a result.

where can i find info or help on getting a mortgage in florida. I love in ct and i want to move to florida,?

I have 3 properties in ct that i am in the process of puting them up for sal enext week, a condo i own (no mortgage), my condo that i owe 65k but its worth 110k,and a 3 family i owe 120k but worth about 225k.


You need to contact a mortgage consultant who is able to do business in FL. They will be able to perform a basic interview to verify and analyze your situation, and make recommendations on what programs would be best for you.