Monthly Archives: December 2016

How is the Current Housing Supply Affecting Homeowners?

It might be hard to find the right home in 2017. In addition to rising interest rates, home demand is continuing to outpace the supply of available housing, according to Fannie Mae’s November Economic Developments report. In the report, Fannie … Continue reading

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The Housing Market Enters a New Era

  Time to say goodbye (at least for the time being) to sub-4% on the 30-year fixed-rate mortgage. We shouldn’t be surprised. The yield on the 10-year U.S. Treasury note hovers around 2.5%. It hasn’t been this high since September … Continue reading

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How to Whip Your Credit Into Shape Before Buying a Home

  Mortgage interest rates have dominated the news lately, but there’s another aspect of buying a home people shouldn’t forget about: credit scores. It’s one of those things many individuals don’t even think about it until it’s time to make … Continue reading

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Does Housing Have A Slippery Road Ahead? Yes and No.

  Rising interest rates dominate credit and housing markets. They surely dominated the October issue of Black Knight’sMortgage Monitor. We understand the preoccupation with interest rates. We’ve seen quite the increase in rates since the election. The yield on the … Continue reading

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In 2017, the Jumbo Loan Will Get Even Bigger

  On Nov. 23, the Federal Housing Finance Agency announced that it will raise the conforming loan limit on jumbo loans from $417,000 to $424,100 beginning in 2017, Bloomberg reported. In areas where it is more expensive to purchase a … Continue reading

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Third Quarter GDP Growth Was the Strongest in 2 Years

  The latest data on gross domestic product (GDP) growth all but ensures the Federal Reserve will raise the federal funds rate in December. The Commerce Department reported that GDP grew 3.2% in the third quarter to post the strongest quarterly … Continue reading

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