mortgages: Buying A Home In Northern Virginia In 2018 – Part 1
- 02/08/18 05:17 AM
Buying A Home In Northern Virginia In 2018 – Part 1 Buying a home is a big decision and it takes proper planning; both in the form of planning financially and making a plan that's best for your own personal timing. We sat down with senior loan officer Brian Pawsat of Caliber home loans to talk about what he’s seeing for mortgage rates and down payments in 2018. We also picked his brain about the Northern Virginia real estate market.
Mortgage rates – they’re on the rise. We’ve all been talking about it for years but, it’s really happening. As of today’s … (11 comments)
mortgages: How Does the Fed Affect Mortgage Rates?
- 03/17/17 11:17 AM
John Meussner with Mason-McDuffie Mortgage Corporation shares an excellent post with us. The Fed increasing rates doesn't mean it's time to panic over mortgage rates. Check out John's post to see how the Fed affects mortgage rates - you might be surprised at what you find! How Does the Fed Affect Mortgage Rates?
What does the Fed do to mortgage rates? In the words of the late Edwin Starr, "Absolutely Nothin'". Yesterday. Janet Yellen announced a .25 increase in the Fed funds rate, and those in the real estate industry seemed quick to scare the pants off of potential home … (11 comments)
mortgages: Rising Interest Rates - What Do You Need To Know?
- 01/30/17 05:23 PM
Rising Interest Rates - What Do You Need To Know? Change is inevitable and something we all see throughout our lives. Has anything changed for you in the last 6-8 years? Maybe you got married, had a baby, moved, or received a promotion – odds are a lot has changed as the years go by. However, do you know what hasn’t changed? Interest rates, that is until recently. For only the second time since 2008 interest rates have increased. With that it’s time to talk about what happens when interest rates rise and what it means for your investments.
Interest rates impact both … (15 comments)
mortgages: Jumbo Loans and September 30, 2011
- 07/14/11 02:02 AM
Jumbo Conforming and Jumbo FHA Mortgage Loan Limits Expire September 30, 2011 Over the last few years, the government has funded mortgages as large as $729,750 in high-cost areas throughout the country. Those loan limits were temporarily increased because the economy was struggling and many lenders would have refused to make those loans without the government covering the risk of default. As of September 30, 2011 those loan limits are due to expire.What's the big deal? Mortgage rates are typically much lower when they are supplied through Fannie Mae and Freddie Mac. When these loans are no longer allowed under Fannie Mae … (0 comments)
mortgages: FHA Mortgage Insurance Premiums
- 03/29/11 02:44 AM
FHA News- For FHA loans dated on or after April 18th 2011 the mortgage insurance premiums are changing. This is the current situation: the upfront premium is 1% of the base loan amount (determined by the sales price - the down payment) and then this 1% is added to the base loan amount and the loan amount is created. The monthly premium is .9% x the base loan amount and this amount is divided by 12 and the result is the monthly premium. The new premiums are: Upfront = 1.25% (instead of 1%) Monthly = 1.15% (instead of .9%)
Buying A Home In Northern Virginia In 2018 – Part 1
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