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The Real Connection Between Politics and Mortgage Rates As the 2024 U.S. election nears, discussions are heating up about its potential impact on mortgage rates. While some may anticipate a clear direction for rates after the election, the reality is…
How Freddie Mac is Making Homebuying Easier for 2025 Freddie Mac's recent expansion of programs geared toward first-time homebuyers marks a significant shift in mortgage accessibility. They’ve made enhancements to several of their offerings, aiming to bridge financial gaps and…
Fannie Mae Unlocks 90% LTV Appraisal Waivers—Is Your Home Eligible? Fannie Mae today announced significant updates to its appraisal policies, aiming to make home valuation more efficient and cost-effective for borrowers. These changes, set to roll out in early 2025,…
Discover the top reasons behind today’s home purchases, and how they affect the market. The decision to buy a home is driven by many factors, and for potential homebuyers, these motivations vary based on personal circumstances, lifestyle changes, and financial…
Why Home Values Are Still Rising, Even If Median Prices Aren’t Recent headlines have been buzzing with news about the median asking price of homes dropping compared to last year, which has sparked some confusion for both buyers and sellers.…
What Homebuyers and Homeowners Need to Know in Pennsylvania (PA) and Florida (FL) In recent years, conforming loan limits have played an increasingly important role in the housing market, providing borrowers with the opportunity to finance homes under more favorable…
Discover the hidden costs of delaying your home purchase and how rising prices could outpace rate drops. With interest rates recently dropping after years of increases, many potential homebuyers are wondering, "Should I wait for rates to drop further or…
If you’ve been following the financial news, you might have been surprised to hear that mortgage rates actually increased after the Federal Reserve recently cut interest rates by 50 basis points. It sounds strange, right? After all, isn’t a rate…
If you’re considering buying a home or refinancing your mortgage, you’ve probably come across the term conforming loan limits. These limits are crucial because they determine the maximum amount of a mortgage loan that can be acquired by government-sponsored enterprises…
In a significant shift for the housing market, mortgage rates have dropped to their lowest level in more than a year. This drop, reported on August 2, 2024, by Mortgage News Daily, follows a weaker-than-expected employment report that has sent…
