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FHA to toughen rules for borrowers
The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...
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So we had the joy of sitting with a really great couple over the weekend. This husband and wife were reviewing an offer that came in over the weekend on the home we are selling for them. We got to the part about the buyers loan, and they were really surprised how easy it was for this first time home buyer to finance their home. The buyer is ...
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Interest Rates are Great!
30 Year Fixed 5.91%
15 Year Fixed 5.46%
5/1 Arm 5.63%
30 Year Fixed Jumbo 6.76%
5/1 Jumbo Arm 6.11%
Thank You to Bankrate.com for providing the rates!
Want a house for the New Year? It is time to shop. There are a lot of homes on the market ...
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As announced on Wednesday October 31, the Federal Reserve cut its benchmark interest rate by a quarter percentage point! What a wonderful Halloween treat for homeowners and investors! What does this mean to you? If you have a revolving HELOC, it has been at 7.75%. As of now it has dropped to 7.50%, and you didn't have to ...
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Posted October 5, 200730 Year Fixed 6.05%15 Year Fixed 5.68%5/1 Arm 5.84%30 Year Fixed Jumbo 6.84%5/1 Jumbo Arm 6.41%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy weekend! Liane Thomas, REALTOR(R)Serving Southern ...
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Posted September 24, 200730 Year Fixed 6.08%15 Year Fixed 5.73%5/1 Arm 6.05%30 Year Fixed Jumbo 7.00%5/1 Jumbo Arm 6.50%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy week! Liane Thomas, REALTOR(R)Serving Southern ...
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Posted September 10, 200730 Year Fixed 5.98%15 Year Fixed 5.64%5/1 Arm 6.01%30 Year Fixed Jumbo 6.97%5/1 Jumbo Arm 6.50%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy week! Liane Thomas, REALTOR(R)Serving ...
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Posted September 7, 200730 Year Fixed 6.06%15 Year Fixed 5.73%5/1 Arm 6.04%30 Year Fixed Jumbo 7.02%5/1 Jumbo Arm 6.48%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy weekend! Liane Thomas, REALTOR(R)Serving ...
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Posted September 4, 200730 Year Fixed 6.10%15 Year Fixed 5.77%5/1 Arm 6.13%30 Year Fixed Jumbo 7.11%5/1 Jumbo Arm 6.55%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy week! Liane Thomas, REALTOR(R)Serving Southern ...
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Posted August 28, 200730 Year Fixed 6.12%15 Year Fixed 5.79%5/1 Arm 6.21%30 Year Fixed Jumbo 7.18%5/1 Jumbo Arm 6.60%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy week! Liane Thomas, REALTOR(R)Serving Southern ...
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