Paramount Mortgage - Lender's Blog

Keeping Perspective on Rising Interest Rates

Rates for home loans rose for the ninth straight week, marking the biggest increase since 2013, mortgage finance provider Freddie Mac said Thursday.

The 30-year fixed-rate mortgage averaged 4.32%, up two basis points during the week. The 15-year fixed-rate mortgage averaged 3.55%, up from 3.52%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.30%, down two basis points during the week. These rates don’t include fees associated with obtaining mortgages.

A Look Back at 2016

The year 2016 will soon be a memory. We are happy to say that it was a banner year at Paramount Mortgage Company. We have so many moments and events for which to be thankful. These moments are made possible by the people we work with and serve. 

Paramount Saves Christmas

There are just 5 days left before Santa arrives. Are you ready? Whether you’ve been planning since we rang in 2016 or you’re caught in the hectic hustle of last-minute bustle, there are bound to be some unexpected things pop up this week. Today, we offer advice on coping with a few common holiday headaches.

A Little Mortgage / Real Estate Humor

 

New Loan Limits for 2017

FHA:
The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually and are influenced by the conforming loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers. 

The Social Benefits of Homeownership

 

Safe Shopping

Hold on to your Santa hat, friends, because there are just 25 days left before Christmas arrives! If you have shopping left to do, the bad news is that Black Friday and Cyber Monday have come and gone. The good news is that many stores are offering extended sales, some of which last for a couple more weeks and some of which offer expedited shipping. In short, Cyber Monday has become Cyber Weeks.

A Little Mortgage / Real Estate Humor...

 

 

Happy Thanksgiving!

Happy Thanksgiving! We are so thankful for a wonderful 2016 here at Paramount Mortgage Company. There is much for which to be grateful: our fantastic team, our families and friends, our customers and business associates, our communities, our freedoms, and so much more!

6 Cities to Own a Home for Under $1,000/Month

You don’t have to make a ton of money to afford a decent home in some cities.

St. Louis is the fourth most affordable metro area in America for those hoping to buy a home, according to information released by the mortgage-data company HSH.com. HSH analyzed housing affordability in 27 cities across the nation. The analysis looked at the cost – including principal, interest, taxes and insurance payments – of buying a median-priced home using a 30-year fixed-rate loan; the loan rates were based on people with credit scores of 740 or higher in each area and down payment of 20%.

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