Mortgage Rates Step Back – Freddie Mac

Mortgage rates remained mostly flat over the past week, which has been the dominant theme since late spring. This stability in borrowing costs comes despite the highest core inflation rates since 2008 and turbulence in the currency markets. Unfortunately, this pause in rates is not leading to increasing home sales. …

Fannie Mae Freddie Mac Raise Conforming Loan Limit 2017 – At Home

In November 2016, the Federal Housing Finance Agency (FHFA) announced an increase in the maximum conforming loan limit for mortgages acquired by Fannie Mae and Freddie Mac in 2017. According to a press release, the 2017 maximum loan limit for one-unit properties will be $424,100 in most of the country, …

Lender Overlays: What Are They and Why Are They Important? – LinkedIn

There are many factors to consider when choosing a lender for your home mortgage. One of the most important, yet often overlooked, concepts to familiarize yourself with is the “lender overlay,” which is an additional requirement (or set of requirements) on top of what Fannie Mae, Freddie Mac, or the FHA/VA will …