The Coronavirus Effect on Housing
2020 started as the healthiest year for home sales in history. We’ve relayed the great appreciation rates coming from CoreLogic, where they…
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Conventional Loans with ONLY 3% Down
As an alternative to Federal Housing Authority’s (FHA) 3.5% down payment minimum requirement program, Fannie Mae and Freddie Mac have their…
Lee masJobless Claims and Loan Forbearance
The initial Jobless Claims report came out last week, indicating almost 10 million individuals claimed unemployment over the last two weeks.…
Lee masFannie Mae/Freddie Mac/HUD/VA Provide Alternatives to Traditional Appraisals
Due to the outbreak of the coronavirus, the Federal Housing Finance Agency (FHFA) instructed both Fannie Mae and Freddie Mac to create alter…
Lee masMessage from the Desk of Steven Meyer
First and foremost, I wish for everyone who is reading this to maintain their health and safety. Keeping our families, friends, business pa…
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Precalifíquese Llame al 800-778-9044The Fed and Interest Rates
On March 13th, the Federal Open Market Committee lowered its benchmark funds rate to a range of 0% to 0.25%, down from 1.00% to 1.25%. This…
Lee masInterest Rates Hit Historic Low
With stocks declining and bonds improving, we are seeing mortgage interest rates drastically drop. Interest rates have hit a new historic l…
Lee masThe Spring Market is Here!
New home sales, which consist of newly-constructed homes, surged 7.9% on a monthly basis in January. The seasonally-adjusted annual rate of…
Lee masIs Renting the More Affordable Option?
Freddie Mac recently compiled a survey finding that 84% of renters believe that renting is more affordable than buying a home. When they po…
Lee masPurchasing a Home Despite Student Loan Debt
Recently, student loan debt has been a major hurdle for prospective homeowners. Today, more than two-thirds of college graduates have stude…
Lee masHome Prices Continue to Rise
CoreLogic released their Home Price Index (HPI) for the month of December, and it showed that home prices across that nation increased by 4%…
Lee masMortgage Applications Off to Strong Start in 2020
According to the Mortgage Bankers Association’s (MBA) Weekly Index, mortgage applications increased 7.2% for the week ending January 24th, c…
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