Tag Archives: fannie mae

Interesting Turn In Real Estate Market Place

Fannie Mae’s report the , “Weekly Note” which was released this past Friday (11/18/16) shows an interesting, if not fickle housing market in the single family home sector. According to Fannie Mae, “Through the first ten months of the year, single-family starts are 10.0 percent higher than the same period a year ago”. “Single family starts” are new construction of single family dwellings and does not include existing properties. Fannie Mae is a government sponsored...
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Mortgage Rates and the Talking Heads

In 1980 the band the “Talking Heads” had a hit song called, “Once in a Lifetime”. One of the repeating lyrics of the song was, “Same as it ever was. Same as it ever was”. Who would have ever thought that 37 years later that the David Byrne lyric would be used to describe the mortgage rates! For the third straight week BankRate.com is reporting that the average rate for a 30 year fixed mortgage is at 3.56 percent. And the forecast for that 3.56...
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Bad Economic Outlook Means Great Real Estate Prospects

Fannie Mae, who is a “leading source of financing for mortgage lenders”, has just released poor economic outlook that actually holds some very wonderful news for those trying to sell or buy a house! In their recent report titled, “Economic Growth Outlook Subpar Again as 2016 Progresses. Consumers and Businesses More Cautious Amid Slowdown in Labor Market” Fannie Mae states that their, “full-year economic growth forecast” has been lowered to “1.7 percent, down from 1.9 percent growth in...
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Mortgage Lending Requirements Eased

Have you been thinking about buying a home but haven’t due to restrictive mortgage loan requirements? Well, now may be the time to reconsider and take advantage of the still low interest rates. According to some of the latest reports released by several federal agencies, obtaining a mortgage may have just gotten easier for you. According to the Federal Reserve Board and their latest “Senior Loan Officer Opinion Survey on Bank Lending Practices”, it appears that banks have been easing their requirements for consumers to get...
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3 to 5 Year Projections For The Crystal Coast Real Estate Marketplace

The near and long range prospects for the Crystal Coast real estate market looks very promising. Several key indicators both in the real estate and the mortgage sectors show either recovery or long term recovery solutions in play to what has been a horribly depressed and glutted market place. is the 6-7 years of real estate “funk’ finally over with?

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Radical Change In Mortgage Lending

I got the following message from the Congressional Budget Office last week about H.R. 2767, Protecting American Taxpayers and Homeowners Act of 2013. “H.R. 2767 would require the Federal Housing Finance Agency to repeal the charters of Fannie Mae and Freddie Mac and end the operations of those firms five years after enactment of the bill. Thus, after 2018, those two government-sponsored enterprises (GSEs) would cease to guarantee new mortgages.” How significant would it be to the housing market if Freddie and Fannie went away? According to...
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Affects of Government Shutdown on Local Real Estate

Government Shutdown. 70 percent of all loans made this year in the Crystal Coast and surrounding areas involved either Fannie Mae, Freddie Mac, VA or a FHA Loan. To put it another way, the federal government has its hands in almost ¾’s of all mortgage loans made in 2013. So will the government shutdown affect your ability to get a loan? Will it slow or stall your upcoming closing? Will interest rates go up? The good news is that mortgage rates tend to go the opposite...
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