If you’re thinking about buying a home, the good news is mortgage interest rates continue to decline. Rates are in the low 6% range compared to over 7% a few months ago. There are ways to lower the mortgage interest rate even more with a temporary or permanent mortgage buydown, but there are pros and cons. […]
Conforming home loan limits are tied to local home prices. Each year the Federal Housing Finance Agency (FHFA) evaluates home values nationwide and adjusts the conforming loan limits for each state and each county within each state. FHFA also establishes higher conforming loan limits for areas deemed to be “high cost areas” based on local […]
Over the past week I’ve suddenly received several phone and email “phishing” solicitations. I’d like to blame it on a full moon, but that was nearly three weeks ago. I’ve been contacted twice and advised my Amazon account had been locked due to suspicious activity. Two different people have called to tell me a credit […]
Windermere’s Chief Economist Matthew Gardner provides his insight on mortgage interest rates, how those rates are set and what we might expect in the coming weeks and months with regard to conforming and jumbo loan financing.