In the years that followed the 2008 housing disaster which affected global economies in collective, millions of American homeowners and homebuyers have benefited from historic low mortgage interest rates.The Federal Reserve’s efforts to raise the economy became a major driver in keeping this Read more
Can You Refinance More than Two Properties?
Many experts project mortgage interest rates to swing for new highs. Since the election, the trend has been up, and the numbers show.So before new norms kick in, many homeowners and investors are looking for the possibility to refinance, despite current market pressures. Taking advantage of Read more
Getting a Loan Above the Conforming Limit
Mortgage giants Freddie Mac and Fannie Mae will only purchase or guarantee loans within a set limit for every county in the US. This cap is called the conforming loan limit. So what happens when the home you’re interested in comes with an expensive price tag? Consider a Jumbo Mortgage For most Read more
Weak Refis Hurt Lenders
The rise in interest rates has negatively impacted refinancing applications, driving earnings of regional banks down for the second quarter of the year. According to recent reports forwarded by banks like the US Bancorp and the BB&T, revenues fell significantly by 11 and 15 percent, Read more
Falling Inventory the Focus of Freddie Mac’s July Outlook
In a new report posted on its website last July 27, Thursday, Freddie Mac revealed its monthly Outlook for July, analyzing the possible reasons why the residential construction has continued to lag behind housing demand, causing home prices to skyrocket since the later part of last year. In this Read more
