News & Notes
Time to Buy and Refinance is Now!
Date 10-27-2015Are you wondering what the rates on mortgages are hovering around these days? Data released on Thursday by Freddie Mac indicates that the 30-year fixed-rate average ticked down to 3.79 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.82 percent […]
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New Mortgage Disclosures Expected to Delay Real Estate Closings
Date 09-29-2015Our sincerest apologies for not having provided you with new content in such a long time, but we have been working tirelessly on becoming prepared for the changes ahead! In just a few short days, federal laws will be implemented that will affect the way homebuyers finance their mortgages in real estate transactions. The Consumer […]
Read MoreContracts to Buy Residential Real Estate Climbs to 9-Year High
Date 07-01-2015According to the National Association of Realtors (NAR), pending home sales continued to make impressive gains last month, rising to the highest level since April 2006. In May, more Americans signed contracts to purchase homes, as these pending sales reached their highest levels in over nine years. Large gains in pending home sales in the […]
Read MoreDistressed Homeowner? Freddie Mac Offers a Complete Guide to Foreclosures and Alternatives
Date 06-22-2015As part of a new website launched this week, Freddie Mac is now offering distressed homeowners a complete guide to foreclosure and prevention, from assessing your situation to what to do when your home has been foreclosed on. “MyHome by Freddie Mac” is an option on Freddie Mac’s site offering homeowners various options under the […]
Read MoreCFPB Fails to Comply with Congressional Review Act Moving TRID date to Oct. 3rd
Date 06-18-2015In a statement made June 17th, the Consumer Financial Protection Bureau (CFPB) announced a proposal to delay implementation of the TILA-RESPA Integrated Disclosures (TRID) rule until Oct. 1st. The CFPB’s original implementation date of Aug. 1st had been been pushed to Oct. 1st, as they claim an “administrative error” caused the delay of Know Before […]
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