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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…
As a homeowner or prospective buyer, staying informed about mortgage interest rates can be crucial for making sound financial decisions. This August, there are several factors in play that could potentially lead to a decrease in mortgage rates. Understanding these…
Welcome to Philly’s Real Estate Scene Philadelphia, the City of Brotherly Love, has always been a vibrant and dynamic place to live. Known for its rich history, diverse neighborhoods, and a real estate market that's anything but boring, Philly offers…
The CoreLogic June 2024 Home Price Insights report provides an in-depth analysis of the current state and future projections of the U.S. housing market. According to the report, national home prices, including distressed sales, increased by 5.3% year-over-year in April…
Understanding the Current Landscape As of April 2024, the U.S. housing market is undergoing significant changes, with both mortgage rates and home prices experiencing simultaneous rises. This situation has been influenced by several economic factors, including inflation rates and monetary…
Nestled in the heart of Bucks County, Doylestown, PA, is a charming borough that beckons with its rich history, vibrant cultural scene, and welcoming community. Whether you're a first-time homebuyer, looking to upgrade your current home, Doylestown offers a unique…
A Glimpse into the Spring Housing Market Innovative Mortgage Brokers is thrilled to share that our very own CEO, Yury Shraybman, was recently featured in Mortgage Professional America (MPA). MPA is a leading source for news, opinion and analysis on…
Fannie Mae has recently made changes to its Selling Guide that impact self-employed borrowers. This development is being seen as another setback from Fannie Mae, which had been a preferred option over Freddie Mac for certain reasons. The Changes The…
