×

Are you working with a loan officer?

Enter Your Loan Officer's Name

Find an Office Near You

Back to Blog Listing

Market Updates Blog Posts

Categories:

Project Reinvest in Baltimore City

The Neighborhood Housing Services of Baltimore and the Maryland Mortgage Program are partnering to promote Project Reinvest in Baltimore City.  They are offering additional down payment assistance of $10,500 for eligible purchases in Baltimore City. The NHS help people find a place they can call home in Baltimore by gathering resources, simplifying information, researching money-saving incentives… Read More

CAUTION- The Dangers of Rate Shopping

Buying a home will probably be the largest purchase you ever make.  With that in mind, you want the lowest interest rate, right?  WRONG!  The lowest advertised interest rate may not be your best option.  Some lenders and mortgage brokers advertise low rates, but don’t inform you of all the additional points and fees that… Read More

ALERT- DC Open Doors Closing Cost Grant Special

DC Housing Finance Agency is offering a DC Open Doors Closing Cost Grant Special in the amount of $1,500.  This can only be used towards the borrower’s closing costs and the loan must be closing between June 9, 2017 and September 1, 2017. Eligibility Borrower must purchase a home in the District of Columbia The… Read More

FHA Reduces Mortgage Insurance Premiums UPDATE

*Update 1/22/17: The Trump administration suspended the pending rate cut to FHA mortgage insurance indefinitely. The National Association of Realtors have requested that the premium cut be reinstated in order to help up to 40,000 new homebuyers in 2017. Presently, it is unclear whether this suspension will be repealed.* Original post: On Monday, the Federal Housing Administration announced it… Read More

FHFA Increases Loan Limits for 2017

Last week, the Federal Housing Finance Agency (FHFA) announced loan limits would increase for the first time since 2006. For over 10 years, the maximum loan limit for single family homes has been $417,000 in most counties across the country. In 2017, the loan limit will rise to $424,100, an increase of 1.7%. Why did… Read More

How the Election Affects the Housing Market

After Hillary Clinton’s defeat became evident, and Donald Trump became our president-elect, markets started going a bit haywire. Overnight trading in stock market futures, which provides a speculative and hedging market for what the stock market will open at the next day, started sinking precipitously. However, by morning, everyone had changed their tune and the stock… Read More

Why Are Rates Going Down?

In the past couple weeks, there have been some international events driving interest rates down. Well what really drives mortgage rates? The old story from George Bailey in “It’s a Wonderful Life” is still true, for those that need a reminder there is a run on the Bank, and George explains that the money is… Read More