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Big Hit to Second Home and Investment Mortgages
BY: TED ROOD Mar 12 2021, 3:07PM Fannie Mae announced March 10 that they are limiting new loans secured by second homes or investment properties to 7% of the overall loans they purchase (roughly HALF their [...]
Pandemic Causing Almost Half of Americans to Consider a Move
BY: JANN SWANSON Nov 20 2020, 12:04PM A recent survey by Lending Tree found that nearly half of Americans are thinking about moving in the not-to-distant future and it appears that the COVID-19 pandemic may be at least [...]
Biggest Housing Boom Since 2006 And The Truth About “All-Time Low” Rates
BY: MATTHEW GRAHAM Nov 20 2020, 6:41PM The National Association of Realtors' Existing Home Sales report is the broadest measure of housing market activity. It just hit a 14-year record for the 3rd month in a row. It's [...]
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Mortgage Rates Jump After Pfizer News
BY: MATTHEW GRAHAM Nov 9 2020, 3:28PM Last week ultimately ended up being great for mortgage rates, but only after a somewhat abrupt increase heading into the election. On Tuesday, the average lender raised rates at the [...]
U.S. GDP booms at 33.1% rate in Q3, better than expected
PUBLISHED THU, OCT 29 20208:32 AM EDT JEFFCOX CNBCCOM KEY POINTS U.S. GDP accelerated at a 33.1% annualized pace in the third quarter. That was better than the 32% estimate from a Dow Jones economist [...]
Vacation Homes Help Fuel Existing Sales Surge
BY: JANN SWANSON Oct 22 2020, 9:53AM Existing home sales rose again in September and are now blowing the doors off last year's numbers. The National Association of Realtors® says sales of single-family homes, townhomes, condominiums, and co-ops, rose [...]