TweetFlorida 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…
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Winter Haven, Florida: Fannie Mae Rolls Back its 4 Financed Property Limit
TweetMonday 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…
Would You Buy a Home for $15,000?
TweetI’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…
US Home Loan – Credit Market Shows Signs of Early Thaw
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.
Florida Mortgage Rates Rise Again – Friday’s Retail Numbers May Not Help
TweetLast 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 Rates Remain Low… But May Rise on Week’s News
TweetMortgage 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…
Mortgage Rates Rise Despite Steady Fall in Consumer Prices
TweetIf 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…
