Markets continued to digest the impact of slowing inflation and potential rate cuts from the Federal Reserve, helping mortgage rates to stay at levels close to the lowest since mid-2023. The 30-year fixed mortgage rate edged higher last week and ended 2023 at 6.76 percent, over a percentage point lower than its recent peak of 7.9 percent…

We hope you are having a wonderful Holiday Season and are looking forward to a great New Year. Just a reminder, we will be closed on  Monday, January 1st to celebrate the New Year.  We will be back on Tuesday, January 2nd  2024!!  We look forward to serving you then.   Have a safe and happy…

The astonishing pace of the recent drop in interest rates has raised some questions regarding sustainability and justification, but we can clear them up with a single chart. I felt this information best explains that. The Federal Reserve doesn’t ultimately dictate rate levels, but it has a huge impact on how rates move.  The Fed has been…

To Our Valued Clients, Borrowers, and Partners, Dan Cassel and the Trinity Mortgage Loan Team wish you and your family a happy holiday! We will be closed on Monday, December 25th in observance of Christmas. We will resume normal business hours on Tuesday, December 26th. We wish you a safe and enjoyable holiday weekend! Sincerely,…

This past week the good vibes in the financial markets continued. Interest rates hit their best levels since the Summer and continued their historic run lower. Let’s discuss what happened and look at the week ahead.   Winning Streak Extends to Six Through late October, we were experiencing one of the worst bond market/interest rate…

Mortgage Loans for the Self Employed are Changing as we head into 2024.   Certain Mortgage Banks now offer Loan Programs for Self Employed Borrowers that do not require Tax Returns, and use alternative loan documentation. There are several of Mortgage Loan Programs that we can offer without Federal Tax Returns and using alternative Loan…

As Thanksgiving approaches, we wanted to thank you for your support this year. Amid a challenging environment, your commitment to Dan Cassel and the Loan team at Trinity Mortgage continues to play a key role in our success. We wish you a service filled, happy and safe Thanksgiving holiday and we look forward to continuing…

Self Employed Mortgage Lenders have a few options but often they calculate a Self Employed Borrowers income by typically using 12 or 24 Month Banks Statements, with either one or the other, Personal or Business Banks Statements. The Income Calculation to determine income can vary due to expense factors each bank chooses to use.  Generally, that is based…