FHA 2020 Loan Limits Set

Posted on December 4th, 2019 by admin

Federal Housing Administration (FHA) Commissioner Brian D. Montgomery has announced the loan limits for FHA forward mortgages in 2020.  The limits are based on..

Conforming Loan Limit Increased to $510,400

Posted on November 26th, 2019 by admin

The conforming loan limit for most of the U.S. will, quite predictably, move higher on January 1. The Federal Housing Finance Agency announced on..

Backyard bungalows are becoming big business for homeowners and builders

Posted on October 23rd, 2019 by admin

KEY POINTS Second homes, formally called accessory dwelling units (ADUs), are cropping up in back and side yards across America, acting as either rental..

2018’s Home Sales Slump Now Fully Erased

Posted on September 19th, 2019 by admin

While the increase wasn’t as strong as in July, last month’s existing home sales posted a second straight month of gains and, as previously, the National..

Fed cuts interest rates, signals holding pattern for now

Posted on September 19th, 2019 by admin

WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher..

People who bought homes in the past 2 years could see ‘significant’ savings by refinancing now

Posted on September 4th, 2019 by admin

Home loan rates are down about 1.25% from their 2018 peak, “which can translate to $2,200 a year in savings on a $250,000 mortgage,”..

New FHA Rule Will Ease Condo Approval Process

Posted on August 15th, 2019 by admin

The long-waited Federal Housing Administration (FHA) rule regulating condominium lending was finalized Wednesday afternoon.  The Department of Housing and Urban Development (HUD), the parent..

Top 10 Features Millennials Want—and Don’t Want

Posted on August 13th, 2019 by admin

At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage.  Conversely, they give a thumbs down..

The 10 major U.S. cities where housing costs have increased the most

Posted on August 13th, 2019 by admin

If you want to live in a big city but have a tight budget, you may want to avoid places such as Miami and..

Millennials drive mortgage refinance boom, and lenders are scrambling

Posted on August 9th, 2019 by admin

KEY POINTS Refinance applications were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has..

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