ARCHIVED BLOG POSTS
2012
Recently, Fannie Mae and Freddie Mac, the two government backed mortgage giants that back most conventional loans, issued a revised set of guidelines, in an effort to streamline the short sale process. The new guidelines will go into effect November 1, 2012 and will permit a homeowner wit...
08/27/2012
As interest rates continue to sit at historical lows, many homeowners have taken this opportunity as a time to refinance into a fixed rate home loan. Inevitably interest rates will rise and for this reason it makes sense to lock into a fixed rate sooner rather than later. While interest r...
08/27/2012
As has been much documented, the past year has seen overall mortgage rates reach new all time lows. We are now at levels where the traditional 30 year fixed loans have gone below 4% with 15 and 10 year fixed loans now at or below 3%. This has meant increased afforability for new homeowners and al...
08/06/2012
Fannie Mae and Freddie Mac, the two now government controlled mortgage giants were asked by the Federal Government to consider principal reductions on mortgages, as a way to assist struggling and upside down homeowners to help stabilize the housing market. After a month of deliberation, Fannie ...
08/06/2012
Rainmaker
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