FNMA

Fed’s NOT Raising Rates Yet

This has been a great week for the mortgage lending and the bond market. With the Fed’s un-expected announcement on Wednesday that they will NOT be raising rates until later in the year, suggesting October or November, the bond market rallied quite nicely Wednesday afternoon and continues through today. So, we are making gains on […]

Continue Reading

Upcoming CFPB Changes

For this week’s newsletter, I wanted to highlight the upcoming CFPB changes that will occur on August 1st, 2015.  I have some brief details and then have provided a link to a video (5-6 mins. long) which details some of the forms that will be replaced and closing timeframes.  I hope you all find this […]

Continue Reading

Rates have drifted back down

My financial planner was correct!! Rates have drifted back down and have broken through a key barrier. So, hopefully they can stabilize at this lower level for the next month – we’ll see. The market is always fast to react and slow to correct. With the rates correcting and home sales up, let’s all make […]

Continue Reading