Providing you current financial news and other relevant info as you set your homeownership goals.
The Market seems to be driving rates in the wrong direction. Mortgage rates are going in the wrong direction and have continued that trend over the last few weeks. Good news though, Fannie Mae and Freddie Mac is allowing buyer’s agent commission to be paid thru seller concession and that would be over and above the […]
Market Update – LLPAs
LLPA’s – Loan Level Pricing Adjustments – I am sure you have seen information about this by now. In the lending world, we have been talking about this for a few months and many lenders have already begun pricing this into the loan pricing (interest rates). Let me allow Chat GPT to explain what LLPAs […]
March 2023 – Real Estate Report Card – Lancaster
If you are considering a home purchase or refinance this year, it is important to be informed and gather a team of advisors who are on your side to advise you well. Please check out this report card for Lancaster County as of March 2023. Our team would love to connect with you and help […]
Will this summer be hot?
Will things heat up this summer? The big question continues to be mortgage rates, and for rates, we look to the Fed and their borrowing rate**. This borrowing rate is one main way the Fed puts a governor on the market and economy. Slows inflation, increases unemployment etc…So, what do we expect? Read more below. […]
Bumps.
The Federal Reserve ended their two-day meeting on Wednesday, March 20, in their standard form with a Press conference by Chair Powell. His language was guarded as usual but did point to what I would call an optimistic outlook of the Fed Funds borrowing** rate within the 2024 fiscal year. The overall sentiment seemed positive. He pointed […]