Jumbo Loans are Just Our Size
LET US GET YOU THE LARGE LOAN YOU NEED! Now offering JUMBO loans as big as $3 Million • Currently offering a Rate of 3.5% on a 30-Year fixed rate mortgage*• Interest rates better than banks and direct lenders• Loans from $548,250 to $3 million• Fast closings – typically 30 days or less• Options for…
Government Update for VA IRRRL (refinance)
Effective immediately, VA issued VA Circular 26-21-11 announcing a Certificate of Eligibility is no longer required for Interest Rate Reduction Refinancing Loans (IRRRLs). This change can be applied to existing loans in the pipeline with application dates on or after July 15, 2021. Reference: AllRegs > Government Underwriting Guidelines > VA Underwriting Guidelines > VA…
US housing market is short 5.5 million homes, NAR says
Lobbying organization is calling on “major national commitment” to build housing in US June 16, 2021, 4:03 pm By Tim Glaze The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5…
NAR: Vacation Home Sales Rose 16.4% in 2020
By Kerry Smith Lee County tops NAR’s list of U.S. counties for the highest increase in vacation home sales, with Collier County also making the top 10 list. In 2020, vacation home sales were 5.5% of total existing-home sales; in 2019, they were 5%. Vacation home median prices were up 14.2%. WASHINGTON – Vacation homes…
Should You Rent or Buy Your Next Home in Retirement?
by: Patricia Mertz Esswein The housing market is hot, and it’s a great time tosell your home. Still, if you’re thinking about renting your next one, consider the tradeoffs. Renting temporarily is fine if you want to try a new location or if you anticipate moving frequently early in retirement. But the longer you rent in…
Bond and Equity Markets, Are we in for the Ride?
I have had some interesting, if not shocking conversations with multiple sources over the last several days to the effect of: “I’ve heard that mortgage rates have gone down over the last several days.” To be frank, as of yesterday the US 10-year Treasury yield has increased by over 32 bases points in the last…