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Category Archives: mortgage
The worldwide Coronavirus restrictions have created challenges in the mortgage loan industry. Fortunately, recent changes provide some clarity and relief. Here, we’ll give an overview of dealing with COVID-19 challenges in getting a mortgage. We’ll also answer questions about the … Continue reading
Loan limits for each major mortgage type—including conventional and VA—have received a significant boost for 2020 over last year’s limits. In some counties, the new loan limits are up to 40% higher than they were last year, giving buyers across … Continue reading
Not all interest rates mean the same to everyone. When looking at rates it’s important to view them from more than one perspective. First historically: Are rates higher than they were 15 days ago? At the moment, yes. Second: Are rates … Continue reading
Rates continued to climb precipitously last week. At week’s end, and again over the weekend, the Federal Reserve stepped in to say that they would buy mortgage-backed securities, which allows investors to get some of these loans off their books, … Continue reading
The novel coronavirus (COVID-19) pandemic is taking the stock market on a wild ride and causing industries like travel to bleed red ink. But the recent coronavirus-induced economic uncertainty benefits some groups of people, including present and prospective homeowners. On … Continue reading
As anyone on the housing market knows, mortgages come in all different shapes and sizes. There are fixed and variable choices, differing mortgage rates, and a whole lot for homeowners to consider. And, just when you thought you had gotten … Continue reading