Last year, we saw how the trade war with China had a significant impact on all United States financial markets, including the mortgage market and its interest rates. That situation actually helped mortgage rates remained relatively low in 2019. By the end of the year, we were experiencing nearly historic Continue Reading →
The Federal Reserve has had a dramatic year. The U.S. Central Bank announced Wednesday that it will not be changing interest rates again this year, and it looks like they might hold steady in 2020, as well. Fed Rate Changes in 2019 The federal funds rate was raised nine times Continue Reading →
Active duty and veteran homebuyers have something big to look forward to in 2020. As a result of the Blue Water Navy Veterans Act of 2019, there will be no more limits on VA loans. The Advantages of VA Loans VA loans are backed by the U.S. Department of Veterans Continue Reading →
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 →
