Today I would like to provide an update on what is happening with FHA. First the good news – for current FHA homeowners. If your loan was originally a FHA loan at a higher rate and you wanted to refinance, the savings you would have received would have been compromised by the new higher mortgage insurance premiums [...]
Read MoreMany Americans that were “somewhat” underwater in their home loans were able to take advantage of the lower interest rates available in recent years and save money on their homes.. But many more could not due to restrictions in the program – called the Home Affordable Refinance Program (or “HARP”). Well I have great news [...]
Read MoreGood Day, I was reading a recent news article about housing prices and being based in South Florida of course I was pleased to see that one of our local communities showed a 15% gain in values from 2008 to August 2011. This is great news for sellers and of course for those buyers looking [...]
Read MoreSo… There is SOOOO much going on right now – and the markets are showing it. We have seen over 250 basis points in swings in just a week beginning last Wednesday 9/21 when the Federal Reserve announced their latest and greatest effort to “stimulate the economy” (or did they say stimulate Wall Street? Because [...]
Read MoreGood Day. There is a lot of talk about the upcoming expiration of the temporarily increased lending limits for both Conventional loans sold to FannieMae and FreddieMac and FHA loans via HUD. These higher limits were put in place to help keep mortgage money flowing through the housing crisis several years ago and allows for [...]
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