Rates on 30 years mortgages remain above 6%
05/08/2008
Though down slightly from a week ago, mortgage rates remained above 6% for the 3rd consecutive week according to Freddie Mac. The Mortgage giant reported that 30 year mortgages average 6.05% this week, down .01% from last.
New Home Sales Drop, State Guide Update For Mortgage Brokers
04/24/2008
More bad news for mortgage brokers and bankers as The Commerce Department reported today that new homes sales dropped 8.5% last month, representing the lowest level (slowest pace) in over 16 years. On top of this came news that the median price of new home sales dropped by the largest amount in almost 4 decades, the [...]
License & Permit Bonds are a sub-category of bonding. These commercial bonds guarantee that an entity will obey all statutes and licenses required by the state government. This bond is required before a license is granted.
As demonstrated by the sample above, there are several different types of license and permit bonds, each guaranteeing something unique, and with its own amount of risk in the eyes of the bonding companies. For these reasons the rates very from bond to bond.
If you have less then perfect credit, or are just starting out and have no credit, please apply for our bad credit surety bond program. This program has higher rates, but allows those who would not typically bonded to get approved.
