If you’re a first-time homebuyer, there’s a chance you can get some financial help from Fannie Mae for your closing costs when you purchase a new home. The mortgage giant is offering to pay up to 3% of the price of your new home. The only requirement thy ask for is to complete their home-buyer counseling course. The HomePath Ready Buyer program …
Mortgage Lenders Are Easing Up On Home Loans In 2016
Opportunity is on the horizon if you are looking for a home loan in 2016. Lenders are reporting that credit standards are loosening up which will bode well for the housing market. According to a Fannie Mae survey of senior executives, lenders who are expected to ease these standards for government-backed loans rose to about 16%. “These current practices and …
Much-Anticipated Raise In Rates Finally Happens
On Wednesday afternoon, the Federal Reserve made the announcement that the target rate for federal funds will be increased by 25 basis points. This announcement by the Fed has been much anticipated as it hasn’t been increased since 2006, when they lowered it. “The Committee judges that there has been considerable improvement in labor market conditions this year, and it …