New Construction: #1 Answer to the Housing Shortage » Mortgage Masters Group

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While banks are still in loan committee, Seattle Funding Group’s construction borrowers are out of the ground and on their first or second draw. Seattle Funding Group’s construction loan program is the fastest, simplest financing of its kind in the market today.

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The company estimates that this trend accounts for about 1.6 million homes that have not been available for sale. This represents about one year’s typical supply of new construction. down the.

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The 30-year fixed mortgage rate hovered between 4.2 and 4.27 percent early last week before rising to the current. % +3 Florida Mortgage Rates 4.29% 4.28% +1 illinois mortgage Rates 4.29% 4.28% +1. When a home buyer chooses a fixed rate loan, they lock in current mortgage interest rates for the life of their mortgage.

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