Tag Archives: fha

Crystal Coast Real Estate Market Report May, 2016

Generally speaking, anyone in business or in sales is looking for bigger numbers. But sometimes big numbers can register a “false positive”. Sometimes what you are looking for are smaller numbers. It is in these areas we will look at and see why sometimes less is much, much better when dealing in real estate. But first, let’s take a year over year comparison of the month of May along the Crystal Coast. It proved to be a very...
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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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Crystal Coast Real Estate News and Market Report

There is some great news from the Federal Housing Authority (FHA) for first and second time home buyers, for those wanting to refinance their home or if you find yourself, “underwater” with your current loan. FHA is now offering several programs that can be accessed online and claiming to offer the lowest rates in the state! And here is the kicker-It’s all free of charge!

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Mortgage Rates, Affordability and Foreclosures

Mortgage Rates, Affordability and Foreclosures are on the move. Some are rising and others falling. But all are on the leading edge of a recovering real estate and housing market. It’s hard to believe that the highest mortgage interest rate this year for a 30 year fixed loan has been only 3.85 percent. That happened last March 13. The national average for this past week was at 3.71 percent. Some economists are watching…

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