Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

Posted on March 15th, 2020 by admin

The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates..

Negative Equity Falls to Pre-Recession Levels Thanks to Home Price Gains

Posted on March 13th, 2020 by admin

Homeowner equity jumped again in the fourth quarter of last year. CoreLogic’s report said it found that, among homeowners with mortgages, about 63 percent..

Renters Mistakenly Believe They’re Paying Less Than Owners

Posted on February 13th, 2020 by admin

Renters questions in a new Freddie Mac survey expressed a rather unfortunate misconception. In its new Profile of Today’s Renter and Owner, the company said it..

VA Removes Loans Limits, Increases Fees

Posted on January 15th, 2020 by admin

U.S. military veterans and active duty personnel who buy or refinance a home in 2020 will have more buying power if they use a..

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..

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,”..

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..

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