‌FHA MI Premiums to Be Slashed by 30 Basis Points

The Department of Housing and Urban Development has announced a 30 basis point reduction to the Federal Housing Administration’s mortgage insurance premium, which many stakeholders believe is a long-awaited move. This cut brings premiums down for the typical FHA user from 85 basis points to 55 basis points, returning them to a level that hasn’t… Continue Reading

2022 Real Estate Market Year In Review & 2023 Outlook

The year 2022 made history in the real estate market in several ways. Unprecedented numbers were seen in home prices, number of sales, and rise in mortgage rates. It’s early 2023, and we are in the midst of a significant market shift where home prices are declining month over month, and mortgage rates are still… Continue Reading

First-Time Home Buyer Loans Get A Discount

The Federal Housing Finance Agency (FHFA) introduced rate discounts for first-time home buyers using Fannie Mae- or Freddie Mac-backed conventional mortgages, a much-welcomed relief to housing costs in today’s housing market. Economic uncertainty always affects the housing market. And when the housing market is facing challenges, it hits first-time home buyers hard. The FHFA rate… Continue Reading

Q3 Real Estate Market Update — Winter Is Coming (Part 2)

We continue to look at the housing market shift this week. Last week we covered the impact that rising rates, shrinking affordability, and increasing supply of homes are having on the market. We specifically covered some fundamentals that make certain geographic areas more vulnerable to a crash than others. Today, we will look at three… Continue Reading

Impact of COVID-19 on the Mortgage Industry

By now, we are all aware of the impact of the novel coronavirus “COVID-19” on our lives. Travel is restricted, businesses are closed, many are quarantined, and when we do go out, many of us wear face masks and stay at least six feet from other people. But what has the impact of COVID-19 been… Continue Reading

3 Reasons to Buy a Home This Holiday Season

Well, it’s past Thanksgiving and another holiday shopping season is in full swing. I hoped you saved a bundle at the Black Friday sales because you’re going to need those extra nickels and dimes to buy your new home this winter. Wait, what? Did I say you should try to buy a house during the… Continue Reading