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The Mortgage Blog Of Diamond Residential Mortgage

Mortgage Rates Fall To Lowest Level In A Month

According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates fell to their lowest level since March 9 last week. The average contract interest rate for 30-year fixed-rate mortgages dropped to 4.10 percent from 4.16 percent the week before. But, despite the drop, the Market Composite Index, which measures total mortgage loan application volume, was also down, slipping 2.4 percent from the week before. Both the Refinance and Purchase Index decreased slightly, though no adjustment was made for Good Friday. Also in the report, the refinance share of mortgage activity was 70.5 percent and the share of applications for investment properties increased to 8.3 percent, up from 7.4 percent in February. More here.

 

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About Us:

As a company that cares about people, Diamond Residential Mortgage Corporation is keenly focused on meeting the needs of our customers.

At DRMC we do business with old fashioned beliefs and values – people working with people to get the job done. Our company is made up of experienced mortgage banking professionals where the founders of the company collectively have accumulated 200 years experience in the mortgage industry.

With excellent technology and our highly skilled team of mortgage professionals we put our heart and soul into people working with people locally to deliver our products with integrity, on time, error free and with a goal of “Recommendation Without Reservation.”

We welcome you to join our family as a customer, future employee or as a friend!

Contact:

Diamond Residential Mortgage Corporation
Serving the Residential Home Mortgage Loan Community
3701 E. Grand Ave., Suite E
Gurnee, IL 60031
Office: (847)244-9301
Toll Free: (800)253-4788
Fax: (847)244-9332

Email:

info@drmconline.com

Website:

www.diamondresidential.com

 

Diamond Residential Mortgage Corporation (DRMC) Disclosures and License Information:

DRMC is an Equal Housing Lender and an Illinois Residential Mortgage Licensee. DRMC fully complies with the Equal Credit Opportunity Act, Real Estate Settlement Procedures Act, Regulation Z, Regulation X, MDIA, TILA, and all other Federal and State Regulations. We are licensed in the following States under the corresponding license numbers.

Illinois:

Licensed through the Department of Financial and Professional Regulation Division of Banking, License # MB.6760694

Iowa:

Licensed Applied For

Indiana:

Licensed through the State of Indiana Department of Financial Institutions, License # 11238

Kansas:

Licensed through the Office of the State Bank Commissioner Consumer and Mortgage Lending Division, License #MC.0025034

Michigan:

Licensed through the Department of Energy, Labor and Economic Growth Office of Financial and Insurance Regulation, License # FL 0016994

Minnesota:

Licensed through the State Of Minnesota Department of Commerce, License # 40179067

Missouri:

Licensed Applied For

Wisconsin:

Licensed through the State of Wisconsin Department of Financial Institutions, License # 700297

 

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