When 2017 kicked in, housing market experts have released their forecasts on how the US housing will be performing. Experts and analysts predicted that there would be rising mortgage rates in 2017. Some of them agreed that it would rise past the 4 percent mark and would even grow beyond 4.5 percent. There was some […]
Financial Relief Programs Now Offered to Hurricane Victims
Financial relief programs are offered by lenders to homeowners in Texas and Florida affected by Hurricanes Harvey and Irma. Hurricanes Harvey and Irma have affected thousands of Americans in Texas and Florida. Livelihoods were halted, homes were damaged, and many citizens are left on their knees to rebuild from scratch. Unfortunately, their financial obligations continue […]
Will FHFA Increase Conforming Loan Limits Next Year?
Fannie Mae and Freddie Mac purchase loans on the secondary market. However, they cannot purchase every loan – they can only purchase those which meet certain guidelines, including those with a maximum loan amount. This loan amount, called the conforming loan limit, increased to $417,000 in 2006 and has remained at this level since then. […]