How is Working from Home Affecting the Office Sector
The office sector is experiencing unprecedented challenges due to COVID-19. As shelter-in-place orders rolled out earlier this year and companies allowed their
January 17, 2021
Category: Mortgage News
Donât Freak Out About the Recent Mortgage Rate âSpikeâ
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Macâs weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip
The post Donât Freak Out About the Recent Mortgage Rate âSpikeâ first appeared on The Truth About Mortgage.
January 17, 2021
Home Prices Are Expected to Rise Another 10% by Next November
If youâre an existing homeowner, get excited, very excited. A new forecast from Zillow says home prices are going to rise 10.3% from this November until November 2021. Thatâs on top of the already stellar growth realized since around 2012, when home prices seemed to bottom and begin their meteoric and historic ascent. Those fortunate [&hellip
The post Home Prices Are Expected to Rise Another 10% by Next November first appeared on The Truth About Mortgage.
January 17, 2021
The VA plans to help 60K veterans cover missed mortgage payments
If its proposal is accepted, the VA plans to offer mortgage relief for up to 60,000 VA loan holders who are struggling financially due to COVID.
January 13, 2021
FHA loan limits increase for single-family and multifamily loans
Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Limits start at $350K.
January 13, 2021
Working Together as a Team: Negotiating with Commercial Tenants During COVID-19
The COVID-19 pandemic caused widespread mandatory closures of all types of commercial properties. These closures, along with reduced consumer spending, have
January 13, 2021
2021 Conforming Loan Limit Rises to $548,250
Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip
The post 2021 Conforming Loan Limit Rises to 8,250 first appeared on The Truth About Mortgage.
January 13, 2021
Homebuyers and sellers: Look to this brokerage if youâre worried about coronavirusÂ
If worries of the coronavirus have you shying away from buying that dream house, one one brokerage has you covered.
January 12, 2021
Refinance soon to avoid the FHFA adverse market refinance fee
Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.
January 12, 2021
Repurposing Properties: Creating New Uses from Old Buildings
Investors have long been interested in adaptive reuse â the process of repurposing a vacant or underutilized building and converting it into another use. Vacant
January 12, 2021