Freddie Mac and Fannie Mae will be holding off for a couple of months on implementing the new .5% tax on refinances. The “Adverse Market Fee” was going to begin on September 1. Now it’ll be December 1. The tax was announced by the FHFA without any warning two weeks ago, and broadsided the ... » Learn More about A Short Term Reprieve From the New Freddie Fannie Refinance Tax
Mortgage Rates
Income to Purchase Loan Guide San Fernando Valley Single Family Homes July 2020
Due to low inventory, and a robust market because of low interest rates, San Fernando Valley property values continue to appreciate. The affordability index has gotten better over the past year because of the low rates. If you are in the Los Angeles area, have any questions or real estate sales ... » Learn More about Income to Purchase Loan Guide San Fernando Valley Single Family Homes July 2020
Mortgage Market Rate Indices August 10 2020
This chart reflects the historic moves of various mortgage programs. Jumbo rates fell 5 bps, while VA rates rose 5 bps on Friday. Conforming and FHA rates were little changed. Financial markets and interest rates are volatile and may change at any time without notice. This information is ... » Learn More about Mortgage Market Rate Indices August 10 2020
Mortgage Rates Staying Solid… and Low
As you can see in the chart of the 10-year note, the long term interest rates have stayed good since April. This is with the help of the Federal Reserve's Quantitative Easing, purchasing billions of dollars of mortgage-backed securities and long term US notes/bonds, supporting the financial markets, ... » Learn More about Mortgage Rates Staying Solid… and Low
Another Change to Post Forbearance New Loan Qualification
The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac borrowers in forbearance can apply for refinancing and new purchase mortgages once their loans are current It waives a previous mandatory wait of 12 months. That move allows faster access to record-low ... » Learn More about Another Change to Post Forbearance New Loan Qualification