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WHAT PEOPLE ARE SAYING

Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:


"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.


 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.


"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.


"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.


"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.


 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.


"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.


"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.


"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.


"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.


"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

  
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Economic improvement sees recent rise in mortgage rates

Posted on Thursday, March 14, 2013 at 3:23:42 PM

Positive increases exhibited in the job market and consumer spending during the past month could have been the reason a notable increase in national mortgage rate averages was seen last week.

In its Primary Mortgage Market Survey, Freddie Mac reported fixed-rate mortgages (FRMs) jumped in the first week of March, after having remained largely unchanged for several preceding weeks.

Average 30-year FRMs were recorded at 3.63 percent, rising from 3.52. The recent figure marks the highest level registered since August 2012, and represents year-over-year improvement, as rates seen the same time last year averaged 3.92 percent. After being logged at 2.76 percent during prior weeks, average 15-year FRMs rose to 2.79 percent last week. Aside from the recent increase, improvement is still evident, as rates averaged 3.16 percent during the same week in March 2012.

"Fixed mortgage rates rose this week on stronger signs of jobs growth and consumer spending," said Frank Nothaft, vice president and chief economist of Freddie Mac. "The economy added 236,000 new workers in February which helped push down the unemployment rate to 7.7 percent. This ... led to a 1.1 percent increase in retail sales."

Because of the recent jump in loan interest rates, many first time home buyers may have held off on hunting for a home loan, as mortgage application figures saw a decrease for the week ending March 8. 

According to the Mortgage Bankers Association, on a seasonally adjusted basis, the number of mortgage applications dropped nearly 5 percent from numbers seen the previous week. In addition, the refinance share of activity fell to 76 percent of total applications, which is its lowest level reached since May 2012.

With evidence of the bolstering national economy becoming more apparent, consumers considering obtaining residential lending and purchasing property may find themselves amid increasing advantageous market conditions. Those looking to finance a home sale may benefit from researching opportunities with Home Loan Investment Bank.