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FHA rates this morning are back down to 3.75% with no points!!! With a small seller credit towards non recurring closing costs and pre paid items, buyers can get into a home for basically the 3.5% down payment alone! So for someone purchasing a $225000 home the $7875 down payment (which can be all gift from […]

Wow! Check out the FHA 30 year fixed rate this week…its at a new record low of 3.5%!!! Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. Bonds and home loan rates are […]

So what were the results of the EU Summit? Leaders agreed to a new, tighter “fiscal integration” across the Eurozone. This means that a new treaty will be drafted, setting guidelines such as annual budget deficits being limited to 3% and failure to meet guidelines like these would automatically spark disciplinary procedures. As expected, Germany […]

Great news, yesterday FHA’s loan limit was restored to $567,500 from the current $506,000. As of today the lenders are still in the process of updating their systems to allow for the higher loan amounts. I imagine we should see these changes in the coming weeks. What does this mean for you ??  Buyer’s can […]