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The Federal Housing Finance Agency (FHFA) last week announced that the maximum conforming loan limits for mortgages originated in 2010 will remain unchanged from the list provided in 2009.
The maximum loan limits for Tallahassee and all other areas in the United States can by found in a download-able format in the right sidebar of the [...]
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Every year, the Joint Center for Housing Studies of Harvard University puts together a report on the State of the Nation’s Housing. This year’s report was published a few days ago and I thought I would share some of the key findings of the report.
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Yesterday the Federal Reserve announced a $500 billion commitment to purchase mortgage back securities (MBS) and a $100 billion commitment to purchase debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. This infusion of capital into the mortgage market caused the average 30-year mortgage rate to drop to the lowest rates in [...]
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The biggest news in the real estate market over the past week has been the U.S. Treasury’s move to secure Fannie Mae and Freddie Mac. These two GSEs (Government Sponsored Enterprises) were placed under conservatorship by the Federal Housing Finance Authority (FHFA) this past weekend in order to let the market know that a restructuring, [...]
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You might not be aware of an important decision that the United States Senate will be considering in the next few days. This decision will determine whether or not housing consumers will be able to get fair, safe and affordable mortgage credit, which of course is a major part of the health of the national [...]
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Mortgage rates are at a two-year low. This creates opportunity for homeowners with two exciting choices. If you are comfortable with your current mortgage payment, come in and see how much home you can now buy (since it is a great buyers’ market). You might be surprised in the value you can acquire.If you would [...]
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