South Florida Waterfront Homes and Condos
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The Federal Housing Finance Agency (FHFA) announced in November 2018 that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019 would be raised again to $484,350. The average increase for the House price Index rose 6.9% for the year which is the reason for the increase […]
How are Purchase Loans Made? Steps to Homeownership: Before you get started looking for homes, it is good to do some preparation, so when you find the home you’re looking for, you are ready to make an offer and will have a smooth process until closing. Pre-Qualification and Pre-Approval: 1. Pre-qualification or Pre-Approval – […]
Rates for 30-year fixed mortgages fell to the lowest level of the year last Thursday and near historical all-time lows. Following is a chart of the Freddie Mac Primary Mortgage Market Survey (PMMS) showing last weeks average national rates (June 10, 2010 PMMS Survey) for 30 year and 15- year fixed rates and 5- and […]
It’s important for buyers to know what your closing costs and mortgage payments are going to be when you start to look for a home and get pre-qualified. I’ve prepared a Buyer’s Estimated Closing Costs Pro-Forma: 80% FRM Loan, 6.5% Int., 10-21-07 (pdf) based on a specific scenario that shows total proposed closing costs, estimated […]
In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “October’s consumer confidence fell to its lowest level since October 2005 as mortgage rates continued to decline this week to their lowest level in almost six months. Continued market concerns about weaker economic growth and further declines in […]
In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “Both economic indicators and mortgage rates came in mixed this week. While retail sales were stronger in September, consumer confidence fell below market expectations in October. Moreover, both the core consumer price index and producer prices for September […]
In this week’s Mortgage Interest Rate Survey, according to Freddie Mac rates jumped another 5 basis points or .5/100%. “The interest rates on fixed-rate mortgages increased further following stronger growth in orders for durable goods,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Recent reports have indicated that economic growth outside of the […]
In this week’s Mortgage Interest rate survey, according to Freddie Mac, rates jumped 10 basis points or 1/100%, as investors sold bonds on the market – the law of supply and demand causes bond prices to go down. When bond prices fall, bond yields rise, and mortgage rates follow the trend. Freddie Mac released its […]
The softening Florida real estate market may signal some good news for first-time home buyers, and many others who have been shut out of the local real estate market due to sky-high home prices. But now, with more inventory on the market, lower fixed-rate mortgages, and sellers desperately cutting their asking prices, home buyers are […]
1973 SW Savage Blvd., Port St Lucie, FL 34953