Florida is dealing with a record number of foreclosures, and many homeowners are looking to the Making Home Affordable Refinance and Loan Modification program as a way to help them avoid this fate.
When the program was first announced in February, it had two main objectives:
To help financially-needy homeowners get mortgage relief
To help homeowners who’ve [...]
Monday was a great day for me, namely – because I was able to share some good news with a client who was looking to refinance several rental properties here in Winter Haven, Florida but was unable due to Fannie Mae’s previous 4 investment property limit.
This all changed last Friday, however -as Fannie Mae announced [...]
I’m sitting here watching President Obama talk to the nation as part of his Presidential News Conference, and he referenced the housing situation.
President Obama delivered opening remarks before taking questions from reporters in the East Room of the White House. (Photo: Stephen Crowley/The New York Times)
I immediately thought about the proposed tax credit approved by [...]
US Home Loan – Credit Market Shows Signs of Early Thaw: Winter Haven Florida credit markets may loosen as more than 50 percent of US Banks start to loosen some home loan requirements.
Last week, we saw a continuation of a Florida home loan market that was still trying to find its sense of direction. As of today, we’re starting to see that direction solidify… and it’s moving up. In fact, signs might be starting to point to higher overall mortgage interest rates as we move [...]
Mortgage markets rallied last week thanks to Government action that took mortgage rates lower for the second week in a row. In the face of less than stellar housing numbers and signs that our economy may still be slowing, mortgage rate shoppers here in Winter Haven and Lakeland, Florida were presented with a few reasons [...]
If the presence of inflation causes mortgage rates to rise, then the absence of inflation should cause mortgage rates to fall. And, in most markets that’s true.
Today, it’s not.
Despite a deep, month-over-month dip in consumer prices not seen since 1947, mortgage rates are inching higher this morning.
The main reason why rates are rising today [...]
