Mortgage Rates Settle Near Historical Lows The 30-year fixed-rate mortgage averaged 3.33% this week, near its all-time low, Freddie Mac reports. “Mortgage rates have stabilized over the last few weeks as the market searches for direction in the fog of economic data,” says Sam Khater, Freddie Mac’s chief economist. “While financial markets initially rallied on …
Tag: News
Apr 24
Fannie, Freddie to Buy Mortgages in Forbearance
Fannie, Freddie to Buy Mortgages in Forbearance Some borrowers who’ve obtained a mortgage are going into forbearance before the loan can be sold by the lender to a government-sponsored enterprise. As a result, the Federal Housing Finance Agency announced Wednesday that for a limited time it will be directing mortgage financing giants Fannie Mae and …
Apr 23
Covid-19: protecting your home.
Covid-19: protecting your home. As COVID-19 makes its way across the United States, it is more important than ever to keep your home as safe as possible. We hope that these simple safety techniques will help to protect you and your family during this difficult time. Please read below and remember stay home and stay …
Apr 22
COVID-19 Prompts Rethinking of Co-working Spaces
COVID-19 Prompts Rethinking of Co-working Spaces Prior to COVID-19, coworking office spaces were surging in popularity. Rob Speyer, CEO of the commercial firm Tishman Speyer even called the sector the “biggest disruption to real estate since the invention of the elevator.” Coworking has been a way for business owners and independent contractors to share space …
Apr 21
Quarter of Consumers Accept Virtual Home Buying
Quarter of Consumers Accept Virtual Home Buying Listing data, detailed photos, and virtual and live-video tours will suffice for a growing number of consumers who are looking to buy a home; they don’t need to physically visit the property before making an offer, according to a new joint survey from realtor.com® and Toluna Insights. Twenty-four …
Apr 20
What to Tell Social Media Followers About Market Shift
What to Tell Social Media Followers About Market Shift You’ll be more likely to stand out from your competitors with a positive message on social media, according to a Forbes.com column written by Ralph DiBugnara, president of Home Qualified, a digital resource for real estate. Practitioners have access to more social media tools than ever …
Apr 17
Freddie Mac Extends Multifamily Loan Forbearance Options
Freddie Mac Extends Multifamily Loan Forbearance Options Mortgage financing giant Freddie Mac announced several changes on Wednesday to its COVID-19 protection options for tenants and landlords. Its program provides three months of forbearance for borrowers impacted by the pandemic. It also has a no-evictions policy for tenants during that forbearance period. Fannie Mae has announced …
Apr 16
Credit Tips when applying for a mortgage
Credit Tips when applying for a mortgage See photo below for all kinds of tips and advice. Then contact me for more information. Good credit is critical when it comes to obtaining the best interest rates and terms on a mortgage. John Coneys of Freedom Mortgage, and me want to offer you some credit …
Apr 15
Americans Say They’ll Use Stimulus Check on Housing
Americans Say They’ll Use Stimulus Check on Housing The first round of stimulus checks is expected to reach Americans on Wednesday, and consumers are already making plans for how they plan to use the funds. More than one in four—or 28%—of about 1,000 Americans surveyed said they’ll use their check to cover rent and mortgage …
Apr 14
IRS Extends More Tax Deadlines for Individuals, Businesses
IRS Extends More Tax Deadlines for Individuals, Businesses The IRS extended more tax deadlines to cover individuals, trusts, estates, corporations, and more, including deadline extensions for both 1031 like-kind exchanges and opportunity zone investments. Both programs are to help spur economic growth in communities. The National Association of REALTORS® advocated for both extensions. Last month, …
Apr 13
Room for Rates to Move Down
Room for Rates to Move Down The 30-year fixed-rate mortgage held steady compared to last week, averaging 3.33%. “There is room for rates to move down,” says Sam Khater, Freddie Mac’s chief economist. “This year the 10-year Treasury market has declined by over a full percentage point, yet mortgage rates have only declined by …
Apr 10
Practicing Social Distancing, Neighbors Still Bond
Practicing Social Distancing, Neighbors Still Bond In a socially distanced world, neighbors are feeling more neighborly. Families are spending more time at home as cities close non-essential services to fight the spread of COVID-19. Stay-at-home and shelter-in-place orders are prompting neighbors to step outside and use their front porch as a venue to connect even as they …
