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 [...]
The short answer is, absolutely. Bonding companies all have different rates, requirements, and standards. Some companies are very liberal with who they approve, while others only approve those with great credit ratings. With these differences come different premium rates, and some companies even require cash collateral.
It is because of these differences that one of your biggest concerns should be the rating of the bonding company backing you. The list of treasury listed (T-Listed, meaning qualified to write bonds on federal contracts) bonding companies it shrinking yearly. You want to make sure that your surety has a quality rating (at least a B+, if not higher).
At Bryant Surety Bonds, we make sure to use only the most fiscally responsible (A-Rated, T-Listed) bonding companies to ensure that you are placed in the most secure market.
