The Veridian Blog

Hi all -

Rates have been as flat as a pancake as mortgage markets are settling in from the roller coaster ride of two weeks ago.  However, since then, we've already noticed the re-emergence of Alt-A and low documentation programs from some wholesalers.  In addition, the no-cost 15 year fixed has returned and conforming loans (those < $417,000) are still relatively unaffected by the credit crunch. 

Over the next few months, we anticipate rates to slowly drop, in particular, for A paper borrowers seeking Jumbo loans.  In addition, there is a strong likelihood that the Fed will decrease rates during its next meeting on September 18.  Those of you holding on to HELOCs will enjoy a slight decrease in your monthly payments.

More updates and site improvements to come... thanks for reading!