by jessicajones | Oct 20, 2021 | 411
What is the Annual Percentage Rate (APR) and Why is it Flawed? An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. There are many costs associated with taking out a mortgage. -These include: ♣ The interest rate ♣ Points ♣ Fees ...
by jessicajones | Jul 23, 2021 | 411
On July 16th, 2021 the FHFA announced they are removing something we complained about in August – the FHFA adverse Market fee. Basically, a 50 basis point charge, that was announced out of the blue last summer, to consumers looking to refinance when we were...
by jessicajones | Jul 23, 2021 | 411
Why NOW May be the Time to Lock in that Mortgage Rate… We have seen mortgage rates rally pretty big time over the past few weeks, AND, we have also seen a lot of talk about the feds tapering mortgage-backed securities. Federal Reserve Bank of Dallas President Robert...
by jessicajones | Jul 7, 2021 | 411, Uncategorized
The director of the FHFA, Mark Calabria, who was appointed by President Donald J. Trump was fired by Joe Biden Wednesday June 23rd after the Supreme Court Ruled that Congress made the FHFA too insulated from the White House because the president couldn’t easily remove...
by jessicajones | Jun 18, 2021 | 411
June 16th was a crazy day for mortgage rates! The Fed finally Acknowledging inflation after being very transitory and admitting we are going to see inflation around 3.4% towards the end of the year. The feds also mentioned the increased possibility of 2 rates hikes...
by jessicajones | Jun 9, 2021 | 411, Uncategorized
Great News! We JUST got approvals for 4 borrowers that had debt to income issues that were too high in 2020 and I think we are about to get 2 more. Here is the deal… Fannie Mae Announces RefiNow – Expands Eligibility to Help More Homeowners Reduce Their Monthly...
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