There was BIG NEWS today in the mortgage world. Freddie Mac and Fannie Mae announced that they were granted permission from the Federal Housing and Finance agency to charge an “ADVERSE MARKET FEE” of .50% on all refinance loans. This fee which the lenders are saying is to address risk management because of the current […]
Posts Tagged ‘loans’
A Little Patience for the Big Home Market
This week I want to chat about big homes. Yes, the big boys…the 4000+ square foot homes that in many markets can often take longer to sell because of their size. After COVID became a reality in March many buyers realized that they wanted to move into a bigger home. A home that they could […]
Stop Asking Me if we are in a Housing Bubble!
When home prices are skyrocketing to new record highs it is natural to wonder if what goes up will be coming down. The question I get asked all the time is when will this happen, are we in a housing bubble, and when will it burst. I want to assure you that our market is […]
Government Shutdown: Another Stall for the Real Estate Industry
Just when we thought the real estate market was back and moving along nicely, the government decided to shut down. Real estate is driven by consumers who are ready to buy and sell, and when consumer confidence gets low, sellers and buyers stall too. Buyers who are ready to sign on the dotted line are […]
President Obama Has a Lot to Say About the Housing Market
On Tuesday, August 6th, President Obama spoke in Phoenix, Arizona at Desert Vista High School, explaining his vision to promote home ownership in America. He praised reform of the financial systems and talked about the reckless practices that led to the housing crisis. A visual representation of his vision can be seen if you follow […]