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2017 Mortgage Loan Limits — With Charts

2017 Mortgage Loan Limits — With Charts

| December 5, 2016 | 0 Comments

For the first time in 10 years mortgage loan limits will increase, a step that will help borrowers and sellers in high-cost areas nationwide. The increase is not large — $424,100 in 2017 for most single-family homes versus $417,000 in 2016 — but it’s a step which many in the real estate industry welcome. Why […]

Are Higher Mortgage Rates A Certainty?

Are Higher Mortgage Rates A Certainty?

| November 28, 2016 | 0 Comments

In theory it all makes sense. Mortgage rates are on the rise, a direct result of the Trump election victory. The reason is that if Trump can really spend $1 trillion or so on infrastructure improvements it means a huge boost to the economy. At the same time, since Trump wants to pay for such […]

Will Trump Economy Derail Soaring Real Estate Prices?

Will Trump Economy Derail Soaring Real Estate Prices?

| November 21, 2016 | 1 Comments

Real estate prices are on the rise and the result is that America’s homeowners are getting richer. You can see rising real estate wealth in several ways but will such good news continue in a Trump Economy? First, according to the National Association of Realtors, existing home prices in September reached $221,900, up 6.1 percent […]

How Trump Can Improve The FHA 203(k) Mortgage Program

How Trump Can Improve The FHA 203(k) Mortgage Program

| November 14, 2016 | 0 Comments

One of the most-useful financial options in real estate is the FHA 203(k) loan, a handy bit of mortgage magic that deserves a lot more attention than it gets. The trick to the 203(k) is that under government rules borrowers can get loans which allow them to acquire or refinance a property and – at […]

Clinton or Trump: Vote For Your Mortgage Rate

Clinton or Trump: Vote For Your Mortgage Rate

| November 7, 2016 | 1 Comments

Let’s not beat around the bush, to protect your interests you need to vote with the same laser-like focus employed by lobbyists seeking tax breaks. If they can vote for their self-interest why can’t you? It’s about time that candidates voted for the political positions the public actually wants. So, if you’re running for office, here […]

Mortgage Originations Expected To Fall In 2017

Mortgage Originations Expected To Fall In 2017

| October 31, 2016 | 0 Comments

The mortgage marketplace is doing better than you think. Despite all the complaints about a “tight credit box” and processing delays, it turns out that Americans are doing pretty well in the financing department. Figures from the Mortgage Bankers Association estimate that lenders nationwide will originate mortgages worth $1.89 trillion this year, a big jump […]

Are Mortgage Rates Set To Rise?

Are Mortgage Rates Set To Rise?

| October 24, 2016 | 0 Comments

Mortgage rates are up. According to Freddie Mac, the cost to finance a home has gone from 3.48 percent at the end of June to 3.52 percent last week for 30-year loans with 20 percent down. Savvy readers will notice that rates have risen a total of .04 percent. For a $150,000 mortgage the difference […]

Real Estate: Can We Save Flood Insurance?

Real Estate: Can We Save Flood Insurance?

| October 17, 2016 | 0 Comments

In the past few months more than 200,000 homes have been impacted by local floods. Two things make such flooding remarkable: First, we’re talking about a lot of real estate. Second, the number of homes impacted by flooding is huge and it will get larger. As a result of Hurricane Matthew, North Carolina says that […]

Will The Presidential Election Create Higher Mortgage Rates?

Will The Presidential Election Create Higher Mortgage Rates?

| October 3, 2016 | 3 Comments

Will mortgage rates rise or fall because of the election? Will either Trump or Clinton impact the rent we pay for real estate money? Since neither the president nor the federal government directly sets mortgage rates no candidate once elected can just sign a proclamation and directly cause interest levels to change. However, the election […]

Does America Have A Mortgage Rate Hangover?

Does America Have A Mortgage Rate Hangover?

| September 26, 2016 | 0 Comments

Mortgage rates fell after last week’s decision by the Federal Reserve to keep bank rates both steady and low. The Fed’s inaction was hardly a surprise, it could not raise rates just before a presidential election and in an economy which remains iffy and fragile. The bigger question is how long low rates – including […]