For the third 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 2019, the maximum conforming loan amount
Inflationary pressures in the economy have moderated as a result of lower oil prices (which lower transportation costs) and slowed wage growth. As a result, interest rates stabilized this past week. Here is a link to the current Freddie
A year ago, with rates around 4% and with a limited supply of homes on the market, buyers often found themselves in bidding wars, paying more than they had intended for their new home. But the national housing market has
Here in the Triangle area of North Carolina, we are far from the ocean and safe from the storm surge that causes so much devastation at the coast during a hurricane. But we can still expect high winds, heavy
CNBC just analyzed the housing markets in 15 cities to determine what you need to earn in order to be able to afford the median home. I think it is fascinating to look at the range of home affordability across
The current political climate is hurting our hot housing market. How? A significant proportion of workers in housing construction – one in four – are without proper documentation, and they are scared stiff. The local home builder’s association has asked
With the implementation of the new tax code, 2018 is the last year you can take a deduction for interest paid on your HELOC or HELOAN. People have traditionally tapped into home equity to pay for renovations, tuition, pay off
Your income taxes will be affected by tax reform, and if you’re planning to buy a home this year, you should know how the new tax law has changed the rules of homeownership. Yes, you still need to find the
Inventory shortages are driving the housing market, making it a great year to sell a home, but a challenging one if you are a buyer. So just how do you make a winning offer? First off, you need to be
The two most impactful tax-code changes are the decreased mortgage interest deduction and the state and local tax (SALT) deduction cap. The mortgage interest deduction is now capped at $750,000 – formerly limited to $1 million. But who has a