The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward over the last month and are holding steady and are the best we’ve since before the 10/7/2024 Jobs Report for September 2024 when our last base rate was 5.25%  (Note:  LTV = Loan To Value, DTI = Debt To Income, FICO…

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Exterior of beige single family home with 3 car garage

Navigating today’s complex real estate market requires more than just traditional mortgage solutions. One innovative option that offers considerable financial benefit is the 2-1 mortgage rate buydown. At Maine Mortgage Solutions, we specialize in making mortgage options accessible and understandable, empowering you to make informed financial decisions. Whether you’re a first-time homebuyer or anticipating future…

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Wholesale Inflation is AS EXPECTED and INFLATION data continues to give an indication of another Fed Rate Cute in December (at the moment). Unemployment Applications squeaked LOWER so there’s certainly NO JOB Market Weakness. People are MAKING more though the cost of living (Rents, Housing, Groceries) has outpaced the real wage gains. Until there are…

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