The Veridian Blog

Our best 30-year mortgage program hit an all-time low of 4.75% this morning (no points, no fees) for conforming loans of $417,000, as momentum from yesterday's Fed announcement has carried over into today. 

Before contacting us, please note that wholesale lender turn-around times were already long prior to Wendesday but now we are anticipating these estimates to double very quickly based on what happened last November and early January this year.  This creates a Catch-22 situation for almost all files that need to be approved before being eligible to lock-in on the best rates. 

In other words, get your file in ASAP and hope rates stay the same or better by the time you receive approval.  We, as well as the wholesalers, have limited scalability so the sooner the better.  Every day delayed may result in a 3, 4 or 5 day delay in the loan process.  We thank you in advance for your infinite patience as we strive to navigate through these unprecedented times in the lending industry.