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New Conforming Loan Limits for Conventional Loans in 2022 Plus Increases in FHA LIMITS 2022 Conforming Loan Limit Article: The Federal Housing Finance Agency (FHFA) announced in November 2021 that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2022 would be raised again by […]
VA Loans: Helping Veterans Achieve Their Dreams of Homeownership The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan Guaranty program is to help […]
Is a 20% Down Payment Really Necessary To Purchase a Home? 2 notifications 20% Down Payment is Common Belief Stopping Many People from Purchasing a Home There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, […]
New Conforming Loan Limit of $548,250 for Conventional Loans in 2021 UPDATED: 2022 CONFORMING LIMIT UPDATE: Read More Here for updated 2022 Limits The 2022 maximum conforming loan limit for one-unit properties will be $647,200 an increase of $98,950 from $548,250 in 2021 for most areas of the US. The average […]
[toc] Why is Pre-Approval a Critical Initial Step in Home Buying Process You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very […]
Mortgage Rates Hit Record Lows During July, 2020 Dipping Below 3% to 2.98% on July 16, 2020 Ending at 3.01% on July 23, 2020 [toc] Interest Rates Drop for 3 Consecutive Weeks Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way […]
New Conforming Loan Limits for Conventional Loans in 2020 Plus Increases in FHA LIMITS UPDATED: 2022 CONFORMING LIMIT UPDATE: Read More Here for updated 2022 Limits The 2022 maximum conforming loan limit for one-unit properties will be $647,200 an increase of $98,950 from $548,250 in 2021 for most areas of the […]
Freddie Mac PMMS Interest Rates Survey November 2019 [toc] Scroll down to see summaries of weekly rate updates October 31, 2019 Rate Survey MCLEAN, Va., Oct. 31, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged […]
Freddie Mac PMMS Interest Rates Survey October 2019 [toc] October 24, 2019 Survey Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.75 percent, the highest it’s been in 12 weeks. “The outlook for a favorable resolution to the trade dispute between […]
Mortgage rates drop due to Wall Street’s tariff fears A threat of Mexican tariffs could help home buyers and homeowners looking to refinance. Worried investors moved more money into bonds, which nudged the average 30-year fixed-rate mortgage down to 3.82% – a decline from last week’s 3.92%, the first to break below […]
1973 SW Savage Blvd., Port St Lucie, FL 34953