Friday saw a slight rise in mortgage rates but it appears to be only a blip in this year’s trending rate declines. The conventional 30-year fixed closed Friday at an average of 4.25%, with FHA backed financing and the VA mortgage both stalled around 4%. Early in January, it was anticipated that rates for home… Read More
How Will Secondary Market Reform Affect the Home Buyers? No One Knows Yet. Home owners, potential home buyers and those in the Mortgage and Real Estate industry, have been watching closely since the financial crisis to get a sense of where the real estate market is going and when. So far market recovery has been… Read More
Housing Market Shows Continued Signs of Consumer Confidence The Arizona Real Estate market mirrors the majority of the nation with a record year so far in 2017. azCentral.com reports that barring the boom and bust years, 2005 & 20011, Arizona’s housing market is the best it’s ever been. As a matter of fact, even though… Read More
Fannie and Freddie Redesign Uniform Residential Loan Application Form. A new, simplified mortgage loan application (not yet in use) is debuting to mixed reviews. Gone are the days of home buyers spending hours answering unclear questions by hand. Present-day mortgage applications are largely completed by loan officers on a computerized form. So loan officers everywhere… Read More
Fannie Mae Broadens Access to Credit for Eligible Home Buyers. Home Buyers have long been overburdened by the mortgage application process and simplification of the lending regulations is long overdue. There have been a few policy shifts recently that make the mortgage process smoother, and in my humble opinion fairer, for qualified and qualifiable home… Read More
