Follow me on Google+
Mortgage and Refinance Broker, Queens NY

Instant Call

Need help? Call (718) 943-9200

Contact Us | Apply

Amerimutual Mortgage Phone Operator
  • Home
  • About
    • About Us
    • Upfront Mortgage Broker
    • Better Business Bureau
  • Purchase
    • Purchase
    • Paperwork Needed
    • How Much Can I Afford?
    • What Will My Monthly Payment Be?
    • Quick Quote
    • Apply Now
  • Refinance
    • Refinance
    • Cash Out Refinance
    • HARP Refinance
    • Refinance Analysis
    • Quick Refi Quote
    • Apply for Refi Now
  • Loan Options
    • Fixed Rate Mortgage
    • Adjustable Rate Mortgage
    • Pick A Term
    • FHA Loans
    • VA Loans
    • FHA VA Streamline Refinance
    • HARP Refinance
  • Commercial
    • Commercial Real Estate Loans
    • Apply Now
    • Contact Us
  • Calculators
    • How Much Can I Afford?
    • How Much Will My Monthly Payment Be?
    • Renting versus Buying Calculator
    • Refinance Analysis Calculator
    • Mortgage Consolidation Calculator
    • Paperwork Needed
    • The Loan Process
    • Glossary of Mortgage Terms
  • Mortgage News
  • Testimonials
  • Contact Us

Do We Move Closer or Further Away?

December 5, 2017

This week we will see the release of the November employment numbers. The key question we will be watching is whether we will be moving closer to a rate increase or further away with respect to the Federal Reserve Board’s meeting next week. According to the minutes of the last meeting, the Fed’s members had a healthy debate about the threat of inflation. Inflation “hawks” were worried that the tight labor market carries a risk that rising wages will quickly increase inflationary pressures.

On the other hand, the “doves” feel that the absence of large wage increases could mean that if the Fed raised short-term interest rates, it could cause inflation to stay too far below the Fed’s target of 2.0% for a prolonged period of time. Thus, we will not only be looking at the number of jobs created, but also looking for any sign that wage inflation is starting to take off. Judging by the economic reports we have seen in the past month, market analysts are still counting on a rate increase.

Mortgage-broker-Astoria-Queens-NY-Amerimutual

Speaking of higher costs, the Federal Housing Agency raised the limits for conforming mortgage loans for 2018. This affects the size of loans allowed under Fannie Mae and Freddie Mac mortgage programs. The new limits are $453,100 for 1-unit properties, with a maximum of $679,650 in high cost areas. While we have talked about higher housing prices making purchasing less affordable, the higher loan limits are one of the benefits of higher housing prices. Owners of homes gain more equity when prices go up. And these higher conforming limits will allow first time home buyers to purchase more home with a smaller down payment.

Source: Origination Pro

  • ← Previous
  • Next →
Apply Online Start funding your loan Rate Watch Track & Review Rates Quick Quote 30 Second Form

Testimonials

Ninfa Brusca

Philip and Benny Loria were very knowledgeable and professional. They exceeded all our expectations and were a pleasure to work with. They were both were just genuinely nice guys. They listened to all our concerns and did everything in their power to accommodate our needs and make feel comfortable throughout the whole mortgage process. I recommend Amerimutual Mortgage to anyone who is looking for a mortgage.

Tuckahoe, NY

Joe D.

Philip Loria made the mortgage process quick and easy, and also found ways to save us money. He was always on top of things, very accessible, and his communication is top notch. I will recommend Philip Loria and Amerimutual Mortgage highly to any of my friends, family or colleagues.

Long Island, NY

Lenny P.

Richard, I wanted to thank you for all your help and hard work. I am so glad our refinance was a success. You were very diligent and dedicated to getting me the best rate possible. I truly enjoyed working with you and will recommend your services to all our friends and family.

Rye, New York
Occupation: Real Estate Development

Nick Tsatsaronis

Philip Loria, assisted me with my refinance. Thank you so much for all of your time and hard work. You made refinancing my house easy and stress free. I wouldn’t recommend anyone else. I will definitely use Amerimutual Mortgage for any future needs, and recommend them to anyone who needs a mortgage.

Flushing, NY

Vincent M.

I can’t express enough my gratitude to Richard Jamesley for walking me through the whole refinance process and keeping me informed every step of the way. Richard explained every step in detail, was very communicative, diligent, and prompt. We would definitely recommend you to our friends & anyone needing a mortgage.

Whitestone, NY
Occupation – Contractor

Dominick P.

Being a first time home buyer, the process was very foreign to me. Richard Jamesley could not have been more helpful and patient along the way. He explained every step in detail, was professional, straight to the point, and helped me with all aspects of buying my home. He was always there to answer any of my questions. Not only did he make the process quite easy , he helped to get me a great interest rate. I recommend Richard Jamesley without reservation. Amerimutual Mortgage will be my first and only call if I buy another house.

Bayville, Long Island, NY

Salvatore L.

Philip, I would like to thank you for carefully walking me through the loan process and calming my fears and uncertainties. Philip was very professional and his expert advice was critical to my success. You went above and beyond and kept me well informed. I highly recommend you and your company to everyone seeking financing for their property.

Beechhurst, NY
Occupation – Real Estate Manager

Rocco Buffolino

As a first time home buyer it was nice to have people as helpful as Philip Loria and Benny Loria. Our experience was wonderful. Philip was very knowledgeable, professional, and demonstrated an expertise which put us at ease during the purchase of our home. He took the time to answer all our questions and we feel he went above and beyond for us. I highly recommend Amerimutual Mortgage.

Westbury, New York

Carol Gudura

Richard Jamesley was a pleasure to work with. He is very smart, helpful and just willing to help in any way he could. Richard helped walk me through each step of the process and kept me well informed. He is a true asset to you company.

Malba, NY

George Poulakis

My refinance experience with Amerimutual Mortgage and their affiliates was above expectations.  Amerimutual Mortgage knows what they are doing and provides excellent customer service. Thank you all so much for all of your time and hard work.

College Point, New York
Occupation – Electrician

Eli N.

Benny and Phil were great to work with! they assisted us in every aspect of the process even when it wasn’t their job. They explained every step and guided/advised us on the best course of action. Their fees were more than fair and their integrity was at a level far above ANY lawyer or mortgage broker we have ever dealt with.

    • Home
    • Privacy Policy
    • Terms of Use
    • Glossary of Terms
    • FAQs

    Copyright © 2021 Mortgage and Refinance Broker, Queens NY. All rights reserved.
    NY MUTUAL LLC DBA AMERIMUTUAL MORTGAGE | 18-33 41st Street, 2nd Floor, Astoria, NY 11105 | NMLS # 148477. Registered Mortgage Broker-NYS Department of Financial Services - All mortgage loans arranged with third party providers.

    Amerimutual Mortgage is BBB Accredited Business since 1/11/2012 Amerimutual Mortgage is Upfront Mortgage Brokers Amerimutual Mortgage is member of New York Association of Mortgage Brokers Amerimutual Mortgage Equal Housing Opportunity Amerimutual Mortgage is secured website


    SEO Optimized website Designed & Built by iVideoWeb.