Average U.S. 30-year mortgage rate falls to 3.89%

WASHINGTON (AP) – June 8, 2017 – Long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans dropped to 3.89 percent from 3.94 percent last [...]

June 16th, 2017|

Fannie to loosen mortgage requirements

WASHINGTON – June 9, 2017 – Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with [...]

June 14th, 2017|

Mortgage rates edge up – but not much

WASHINGTON (AP) – Feb. 23, 2017 – Long-term U.S. mortgage rates rose slightly this week, continuing a holding pattern that has prevailed this month. Mortgage buyer Freddie Mac said Thursday that the rate on 30-year, fixed-rate loans edged up to 4.16 percent from 4.15 percent last week. The benchmark rate stood at 3.62 percent a [...]

February 28th, 2017|

Want to buy?  I work with lenders who have loan products requiring as little as 3% down

Fannie, Freddie 3% loans not very popular  WASHINGTON – Dec. 17, 2015 – Not many homebuyers are taking advantage of the low downpayment loans that Fannie Mae and Freddie Mac debuted about a year ago, shows a new report released from Black Knight Financial Services.In December 2014, Fannie Mae and Freddie Mac introduced loan programs [...]

January 12th, 2016|

Fla. real estate rebound strongest in nation- and Cape Coral among the best rebound in FL!

Fla. real estate rebound strongest in nation  MCLEAN, Va. – Sept. 25, 2015 – Freddie Mac's latest Multi-Indicator Market Index (MiMi) finds that the Florida real estate market's rebound leads the nation.  In a city-by-city comparison, Orlando leads the nation in both a month-to-month and year-to-year comparison, and only one non-Florida city makes the top [...]

September 29th, 2015|

READY TO GET BACK INTO HOMEOWNERSHIP?

‘Boomerang’ buyers purchase new homes SEBRING, Fla. – Sept. 9, 2015 – Three years ago, her husband lost his job, and Mary Ford quit two part-time jobs to take care of her mother, who had been diagnosed with lung cancer.  "We lost our house to foreclosure and had to file bankruptcy," said Ford.  That was her [...]

September 15th, 2015|

FHA fee cut attracts more first-time buyers

FHA fee cut attracts more first-time buyers WASHINGTON – July 29, 2015 – The Federal Housing Administration's (FHA) reduction in mortgage insurance premiums on FHA loans appears to be having an impact on homeownership.  The cuts – which average $900 per year – may be prompting first-time and millennial buyers to enter the housing market: [...]

August 5th, 2015|

World’s most confusing mortgage terms

World's most confusing mortgage terms If you think mortgage jargon is confusing, you're not alone.  And it's not only novice homebuyers who are stumped.  Some of the terms are so tricky even the experts don't agree about exactly what they mean.  Here's a list of some of the world's most confusing mortgage terms: Conforming loan: [...]

July 30th, 2015|

RealtyTrac: Average downpayment at three-year low

RealtyTrac: Average downpayment at three-year low IRVINE, Calif. – June 4, 2015 — RealtyTrac's Q1 2015 U.S. Home Purchase Downpayment Report finds that homebuyers continue to put less money down on a new home. In the first quarter of 2015, the average downpayment (single family homes, condos and townhomes) was 14.8 percent of the purchase [...]

June 10th, 2015|

Let me help you find a mortgage that is right for you~

Consumers say getting a mortgage is easy McLEAN, Va. – March 12, 2015 – Fifty-four percent of Americans say that they believe getting a mortgage is easy – a record high number for Fannie Mae's National Housing Survey, which is a monthly poll of about 1,000 Americans' attitudes toward the housing market. The February 2015 [...]

March 20th, 2015|
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