May 13
Road to Freedom – Selling your home. Use the information below to help prepare you to sell your current home and get into your new home quickly. The road to selling a home can be daunting without the help of a professional real estate agent. It’s our goal to get your home sold quickly with …
May 12
SBA Disaster Loans Capped at $150K, Limited to Agriculture New restrictions on the Economic Injury Disaster Loan program may prompt real estate professionals to look to other funding programs. Responding to the skyrocketing demand and evaporating funding, the Small Business Administration has reduced the size of loans it will issue through the EIDL program. …
May 11
Mortgage Rates Hover Near All-Time Lows The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low. “Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high,” says Sam Khater, Freddie Mac’s chief economist. Freddie …
May 08
Preparing to List After the Pandemic Real estate professionals report that about 77% of potential sellers are preparing to sell their homes once stay-at-home orders from the COVID-19 pandemic are lifted, according to a newly released survey from the National Association of REALTORS®. More than half of REALTORS® report their clients are taking on do-it-yourself …
May 07
White House Extends Safe Harbor for Returning PPP Funds Companies that may have taken more than their fair share of Paycheck Protection Program funds have an additional week to return the loans without facing a penalty. Newly released Small Business Administration guidance on Tuesday shifted the date from May 7 to May 14. The administration …
May 06
Stay-at-Home Orders Present New DIY Opportunities More homeowners are taking on do-it-yourself house projects while staying at home, which is helping to add value and appeal to their properties. Even small projects, like cleaning tile grout, can make a big difference, real estate pros say. Big-box hardware stores like Home Depot and Lowe’s reported an …
May 05
Pandemic Making Suburbs More Appealing Some real estate forecasters predict a wave of people moving from the city to the suburbs in search of more space in response to the COVID-19 pandemic. While 30% of Americans say they’ve browsed a real estate site recently, according to a Harris Poll conducted April 25-27, urbanites are twice …
May 04
Mortgage Rates Dip to New Record Low Mortgage rates reached a new record low this week, with the 30-year fixed-rate mortgage falling to its lowest average ever since Freddie Mac began tracking such data in 1971. “The size and depth of the secondary mortgage market is helping to keep rates at record lows,” says Sam …
May 01
NAR Calls Sales Slowdown Temporary Contract signings dropped in March as many housing markets paused as the coronavirus outbreak spread across the country. The National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on contract signings, dropped 20.8% in March compared to February. All four major regions of the U.S. saw a …
Apr 30
Fed Waives Limits on Savings Account ‘ACH’ Withdrawals, Transfers The Federal Reserve is temporarily waiving limits on the number of ACH savings account withdrawals and transfers that bank and credit union customers can make. Typically, account holders are limited to six “convenient” transactions per month. The Fed has eased that so that banks can ensure …
Apr 29
COVID-19 Stress and Coping. These tips will teach you best ways alleviate stress and cope with the changes of Covid-19! Contact me and John Coneys of Freedom Mortgage, for any questions regarding home buying, selling or financing and visit cdc.gov to stay up to date on all the latest COVID-19 news. #RealEstate #Realtor #HomePurchase #BuyersMarket …
Apr 28
FHFA Won’t Require Lump-Sum Payment After Forbearance The Federal Housing Finance Agency, which regulates mortgage giants Fannie Mae and Freddie Mac, said Monday that it will not require homeowners who take mortgage forbearance due to financial hardship from the COVID-19 pandemic to make up the missed payments in a lump sum. The FHFA made the …
