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Property Tax Pain Is Getting Attention
The rising costs of home ownership have become a drag on the economy in recent years. Mortgage interest rates jumped dramatically in 2022 and 2023, increasing monthly mortgage payments. Home prices...
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Home Sales Increased in February
A recent Wall Street Journal article reported some encouraging data from the National Association of Realtors (NAR) February report. Nationally, existing home sales rose 4.2% from January. This level...
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Will FHFA lower the conforming loan limit?
A rumor made the rounds on the internet… will the Federal Housing Finance Agency lower the conforming loan limit for conventional home loans? Long story short, the new director came out last week and...
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FHA loans make up a disproportionate amount of delinquencies
Mortgage delinquency rates rose in February with FHA loans making up a disproportionate amount of homeowners who are delinquent on their mortgage payments. Before any possible panic sets in, let’s put...
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Curtailing Trigger Leads
UPDATE – Since posting this morning, it came to my attention action may be taking place on a federal level. A bill was reintroduced in the House requiring consumers to opt in before their information...
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Tariffs, Mortgages, and Interest Rates
I’m sure everyone has heard the many announcements regarding tariffs in recent weeks. While we all know it is happening, it is hard to keep up with the details. The Administration first announced...
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Good News for Condo Buyers
In the last few months, several Mortgage Blog posts have focused on condo sales. (Here’s the most recent one.) A recent Redfin article reported statistics showing that prospective condo buyers could...
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Government to start debt collection on student loans
Starting this week, the federal government will begin debt collecting on student loans in default. They’ll achieve this by garnishing wages, withholding tax refunds, and reducing social security...
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Privatizing Fannie and Freddie
The current administration has lots of ideas they like floating out there. It’s hard to keep up with everything, so I’m trying to stay focused on mortgages and real estate. There is an idea out there...
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Less Demand for “Starter Homes”
Previous generations of American homebuyers showed a consistent trend of choosing a modest “starter home” for their first home purchase. These entry level homes offered low prices and payments, and...
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