Blog

Loan Limits Increase for 2021

The Federal Housing Finance Agency announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA. In 2016, the FHFA increased the […]

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Best Month Ever For Mortgage Rates!!

Best Month Ever For Mortgage Rates!! Mortgage rates managed another slight improvement today, which means the average lender is offering new all-time low rates for the 4th time this month.  Even if rates had lurched unexpectedly higher today, June still would […]

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Market Minute

RELIEF INCREASE The number of mortgages in forbearance rose over 1% week-over-week according to the Mortgage Bankers Association (MBA). MBA Chief Economist Mike Fratantoni said, “Over 26 million Americans have filed for unemployment over the last month, leading to nearly […]

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BEWARE! Coronavirus Scams

Unfortunately while this pandemic has shown a lot of communities uniting and people making sacrifices for the greater good, it has also shown the dark side of our society. There are a lot of people taking advantage of the fear […]

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