Posted by Administrator in General on December 19th, 2008 at 4:22 PM
It is official! Mortgage rates hit a 37 year low this week and oil is the lowest price per barrel that it has been in 5 years. These two economic events are and will continue to have a major impact on our business as we go into 2009. We really cannot predict how long this will last so taking full advantage of what we have worked so hard for, and the market is now helping us with in a big way, is essential.
Steve Cors
CEO
Superior Mortgage Corp.
Posted by Administrator in General on December 19th, 2008 at 4:21 PM
Each year, the staff at Superior Mortgage celebrates the season of giving by donating gifts to the Marine Toys For Tots Foundation. With over 150 Employees, Superior Mortgage supports our communities by collecting new, unwrapped toys for distribution to needy children.
Posted by Administrator in General on December 4th, 2008 at 2:30 PM
Today the News media is reporting heavily on the Feds position to drive rates down to 4.5% by aggressively buying Mortgage Backed Securities. I believe the Fed will give it their best. They are signaling that this will be for purchase money loans. This is significant for many reasons. #1 that you need to know is that refinance clients that locked in last week in the 5.5 range should NOT wait to see what happens. 5.5% to 6.0% is a VERY historically low fixed rate. Refinance rates may never move lower and if they don't, they missed a chance at securing a great rate. One thing we know for sure, the market is unpredictable and gambling on what might happen is risky. The government has also made significant changes in direction in the past 30 days and could again. I wouldn't bet on this latest move even though I believe they would like to see it happen for purchase loans.
Have a great day!
Steve Cors
CEO
Superior Mortgage Corp.
Posted by Administrator in General on November 29th, 2008 at 9:35 AM
If you’ve been watching the news lately, you may have come to the
conclusion that mortgage companies have no money to lend. As an
Independent Mortgage Banker, Superior Mortgage Corp. has hundreds of
millions of dollars in Mortgage Money Available to Lend. Although
guidelines may have changed, responsible borrowers like you have an
amazing opportunity to take advantage of low rates and reasonable
housing prices. If you are ready to purchase a home or refinance your
existing home, we can provide you with a loan that will suit your needs
as well as a payment that you will feel comfortable with for the
duration of your loan.
Posted by Administrator in General on March 12th, 2008 at 10:00 AM
Superior Mortgage is proud to celebrate its 20th year in business in 2007
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