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Service. Programs. Rates. These are the three key drivers to any mortgage company’s success, including Fidelity Direct Mortgage. Most mortgage companies today can offer these, so what is The FDM Difference? How does FDM make this ideology come to life, resulting in thousands of satisfied clients and partners? Put simply, it’s our people. Each team member that touches your loan, from consultation to closing and beyond, shares the same goal – To create a lifelong relationship with you, our valued clients. From our ability to execute on even the toughest of loans to our united commitment in delivering an unparalleled experience to all parties of the transaction, these are the key components to our longevity and success. Welcome to Fidelity Direct Mortgage. Welcome Home.
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POSTS, Market Updates & Product News
Rates Improved, New Appraisal Process…… Still Buyers’ Market!
Mortgage rates are holding just above 7%, and the Fed is leaning toward raising, not cutting. The average 30-year fixed purchase rate was 7.10% as of October 30, down two basis points from the week before, according to Zillow data. The 15-year fixed wa …
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Two For Lower Payments!
Two programs stand out when rates are near 7%: the temporary 2-1 buydown and the adjustable-rate mortgage (ARM). Both lower the monthly payment in the early years of the loan, but they do it in very different ways and carry different risks. 2-1 tempora …
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Rates Are Higher, But Stay In The Game!
The big story this week is mortgage rates breaking through 7%. Freddie Mac’s average 30-year fixed rate jumped to 7.03% on Thursday, the first time it has crossed 7% in 20 months, since January 2025. That’s up from 6.95% the week before and 6.30% a yea …
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