Mortgage Rates Rise To The Highest Levels In ~3 Years

After rising for the 5th straight week, 30-Year-Fixed mortgage rates are now at the highest levels since April 2014. 15 Year-Fixed is fairing even worse; now at the highest levels in almost 7 years. According to Mortgage Banker Association weekly survey,  30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level […]

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Mortgage Interest Rate Prediction for 2018

Fannie Mae, Freddie Mac, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR) have all issued their economic forecasts for 2018, including their predictions for where mortgage interest rates will be by the 4th quarter of the year. And while their attention is focused on the same key factors impacting our economy […]

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Top 5 Mortgage Trends for 2018

There’s always a lot going on in the world that impacts mortgages, with global and national news popping up throughout the year to surprising effect — both positively and negatively.  But at the outset of 2018, here are the 5 major mortgage trends sure to have an impact. #1 Tax Reform and Jobs Act of […]

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New FHA Loan Limits for 2018; Limits to increase in >3,000 counties

The Federal Housing Administration (FHA) recently announced the agency’s new schedule of loan limits for 2018, with most areas in the country to experience an increase in loan limits in 2018. In fact,  3011 counties in the country will see an increase in loan limits for 2018, while 223 counties will see no change (compared […]

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2018 (County wise) Conforming and High Balance Loan Limits

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017.  Loans acquired by Fannie Mae and Freddie […]

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5 Ways the “Tax Cuts and Jobs Act” will Impact Housing and Mortgages

At the time of publishing this, the President hasn’t yet signed the bill. But, it’s as good as a law and we fully understand all the provisions now. National Association of Realtors (NAR) had this to say about the bill’s impact on housing “As a result of the changes made throughout the legislative process, NAR […]

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Republican Tax Plan Has Huge Implications for Housing

Republican lawmakers unveiled the tax reform bill this morning and it doesn’t augur well for housing. (** After the bill was passed, I wrote an updated version of this post. Please refer to that by clicking here – https://www.mortgageblog.com/5-ways-the-tax-cuts-and-jobs-act-will-impact-housing-and-mortgages/) The National Association of Realtors came out swinging against the bill, suggesting a huge fight awaits over […]

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Is Owning Really Better Than Renting In Most US Metros?

When it comes to owning versus renting, we understand there’s a lot to consider. For the past decade, people have been consistently renting rather than buying. No one wanted to be caught in a no-win situation after so many homeowners were left holding the bag when the financial crisis hit a few years ago. But there was never […]

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Profile of International Buyers in US Real Estate

The majority of purchasers in the United States are still Americans but recently there has been a lot more competition. According to National Association of Realtors recent report, in the time between April 2015 and March 2016, foreign investors purchased $102.6 billion worth of residential property and 214,855 properties. This was a slight decrease from […]

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Santa Clara County Home Prices Reach An All Time High

In April 2017, the median price for single-family, re-sale homes in Santa Clara county climbed to $1.16 million, which is a new all-time high. The median price for condos/townhomes crossed $700,000 which too, is a new all-time high. Median price means half the homes sold for a higher price and half of them sold for […]

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