Rates are cyclical. They go up and they go down and they go up again. If history and the charts below are a guide, then we optimistically anticipate we will see rates begin to fall as early as next year.
Conforming Loan Limit Increasing to $715,000
The conforming loan limit for mortgages eligible to be purchased by Fannie Mae and Freddie Mac has been $647,200 for single family homes in our area in 2022. This loan limit is typically increased each January to reflect changes in
What The Fed Rate Increase Means To You
Rates are cyclical – they go up, and they go down. When we hear that the Fed has just raised or lowered rates, people think that mortgage rates just went up or down accordingly. But it isn’t quite so simple.
Should You Pay Off Your Mortgage Early – Or Invest Instead?
Paying off your mortgage sounds like a great idea – but is it really? Let’s see what the math says. I’ll just be talking about the principal and interest portion of a mortgage payment here – since you will owe
Conforming Loan Limit Increase for 2022
The Federal Housing Agency has increased the maximum conforming loan limit for mortgages eligible to be purchased by Fannie Mae and Freddie Mac. For 2022, the maximum conforming loan amount for a Single Family home in our area will be
Qualifying for a mortgage after a bankruptcy, foreclosure, short sale, or deed-in-lieu
If you have had a bankruptcy, foreclosure, deed-in-lieu, or short sale, there will be a waiting period before you can obtain a mortgage. The waiting periods vary depending on the type of event and the type of loan. This handy
Buying a new home is finally getting easier for Millennials

When the housing recovery began 8 years ago, small new starter homes had virtually vanished. Construction costs had soared, land prices leaped, and labor costs shot up amid worker shortages, all making it more difficult for builders to make a
Fannie Mae and Freddie Mac – Conventional Conforming Loan Limits Increased for 2020

For the fourth year in a row, the Federal Housing Agency has announced an increase in the maximum conforming loan limits for mortgages eligible to be purchased by Fannie Mae and Freddie Mac. For 2020, the maximum conforming loan amount
Don’t Let Scammers Steal Your Down Payment

Phfishing schemes designed to fool you into wiring your closing funds to the wrong place have been getting increasingly prevalent over the past several years. Many borrowers around the country have fallen prey to these scams and lost their down
What The Fed Rate Cut Means To You

It can be exciting to hear that the Fed just cut rates, and leads people to think that mortgage rates just dropped as well. But it isn’t quite so simple. The Feds future moves are well anticipated and the market