As we get closer to the new year, one thing we always want to take a look at is conforming loan limits. Every year since 2016, the Federal Housing Finance Agency (FHFA) has raised the maximum conforming loan limits on Fannie Mae and Freddie Mac backed mortgage loans. Record Highs Continue Reading →
After very weak numbers in September 2019, the number of construction permits and housing starts rose dramatically in October. This is a great sign in the field of new home construction. This is according to data recently released by the U.S. Census Bureau and the Department of Housing and Urban Continue Reading →
Recently, the Federal Reserve announced it will be making another rate cut. This was an expected move that was well-covered in the news. However, it has had an averse effect on the mortgage market. We’ve seen mortgage interest rates go up before and after this Fed policy change was officially Continue Reading →
As we look at some of the mortgage data released by the Mortgage Bankers Association (MBA) from September 2019, one thing definitely stands out. Credit availability increased slightly this past month after a large decline in August. In fact, the 3.9 percent drop in August represented the largest monthly decline Continue Reading →
The National Association of Realtors (NAR) reported that existing-home sales in August were the highest they’ve been in 17 months. They were up 1.3% from July and gained 2.6% over August 1018’s sales rate. What Are Existing-Home Sales? As the term implies, existing-home sales refers to completed resales of existing Continue Reading →
