Realtors: Benefits of the Fannie Mae Homestyle Mortgage
As a realtor, it is crucial to stay up-to-date with the latest mortgage options available to your clients. One such option that can significantly benefit your clients is the Fannie Mae Homestyle mortgage. This program offers unique advantages for homebuyers looking to finance their home purchase and renovation costs. In this article, we will explore […]
Market Update 2/27/2023
Week of February 20, 2023 in Review Sales of new homes and consumer inflation were both hotter than expected in January. Plus find out what the latest data on Existing Home Sales says about inventory and the demand for homes. -Consumer Inflation Higher Than Expected -More to Existing Home Sales Data Than Meets the Eye […]
Big Announcement for FHA Borrowers!
Early Wednesday morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD Secretary Marcia Fudge made the announcement today at Bowie State University. The premium will be reduced from 0.85 percent to […]
Market Update 2/21/2023
Week of February 13, 2023 in Review Home construction slowed in January but rising confidence among home builders this year is an encouraging sign. Also encouraging is the continued decline in the annual rate of inflation, although the drop was less than expected last month. Read on for these stories: -Mild Progress on Consumer Inflation […]
Market Update 2/13/2023
Week of February 6, 2023 in Review News on home price appreciation, mixed auction results, and tough talk from central banks around the world highlighted an otherwise quiet week: Does the Future Look Good for Home Prices? CoreLogic’s Home Price Index showed that home prices nationwide fell by 0.4% from November to December but they […]
Market Update 2/6/2023
Week of January 30, 2023 in Review The Fed hiked its benchmark Fed Funds Rate, while there’s more to January’s job data than the headlines suggest. Plus, find out what the latest news on home price appreciation really means, all ahead in these stories: -Are More Fed Rate Hikes Ahead This Year? -January Job Growth […]
