Conventional Loans with ONLY 3% Down
30 Second Market Update
April 13, 2020
As an alternative to Federal Housing Authority’s (FHA) 3.5% down payment minimum requirement program, Fannie Mae and Freddie Mac have their own low, down payment loan products requiring only a […]
Jobless Claims and Loan Forbearance
Advisors Family
April 06, 2020
The initial Jobless Claims report came out last week, indicating almost 10 million individuals claimed unemployment over the last two weeks. Sadly, we know that this number will continue to […]
Fannie Mae/Freddie Mac/HUD/VA Provide Alternatives to Traditional Appraisals
30 Second Market Update
March 30, 2020
Due to the outbreak of the coronavirus, the Federal Housing Finance Agency (FHFA) instructed both Fannie Mae and Freddie Mac to create alternative solutions for home appraisals. The U.S. Department […]
Message from the Desk of Steven Meyer
Advisors Family
March 23, 2020
First and foremost, I wish for everyone who is reading this to maintain their health and safety. Keeping our families, friends, business partners and clients safe is our number one […]
The Fed and Interest Rates
Advisors Family
March 16, 2020
On March 13th, the Federal Open Market Committee lowered its benchmark funds rate to a range of 0% to 0.25%, down from 1.00% to 1.25%. This “cut” was announced irregularly […]
Interest Rates Hit Historic Low
Advisors Family
March 09, 2020
With stocks declining and bonds improving, we are seeing mortgage interest rates drastically drop. Interest rates have hit a new historic low! Another index to follow to help monitor the […]
The Spring Market is Here!
30 Second Market Update
March 02, 2020
New home sales, which consist of newly-constructed homes, surged 7.9% on a monthly basis in January. The seasonally-adjusted annual rate of 764,000 units marked the highest level since July of […]
Is Renting the More Affordable Option?
Advisors Family
February 24, 2020
Freddie Mac recently compiled a survey finding that 84% of renters believe that renting is more affordable than buying a home. When they polled homeowners, 85% of them said owning […]
Purchasing a Home Despite Student Loan Debt
30 Second Market Update
February 17, 2020
Recently, student loan debt has been a major hurdle for prospective homeowners. Today, more than two-thirds of college graduates have student debt, compared with less than 50% in the early […]
Home Prices Continue to Rise
Advisors Family
February 10, 2020
CoreLogic released their Home Price Index (HPI) for the month of December, and it showed that home prices across that nation increased by 4% from December 2018 to December 2019. […]
Mortgage Applications Off to Strong Start in 2020
30 Second Market Update
February 03, 2020
According to the Mortgage Bankers Association’s (MBA) Weekly Index, mortgage applications increased 7.2% for the week ending January 24th, compared to the previous week. This continues the strong start for […]
Hot Housing Market
Advisors Family
January 27, 2020
On the most recent National Association of Realtors’ Existing Home Sales report, which measures contracts that were signed for existing homes purchased in a given month, increased by 3.6% in […]
