Market Update Monday! 🏡 This week we’re talking MORTGAGE RATES. If you’re looking to buy then you are probably keeping a close watch on rates. You are probably also asking yourself... “Is now the time to buy?”
“Should we jump on the rates now in case they go up?”
“Should we wait in case they go down?” 📉📈🤷🏼♀️... The bad news is there is no one right answer to those questions. The GOOD NEWS is that rates are currently still historically low, and 2019 has still been the best year since 2011. Even though last Friday they had the largest short - term jump since the week following the presidential election, BEFORE Friday they had dropped to the LOWEST LEVEL IN THREE YEARS. ⬇️❗️😲... What does this mean for you⁉️ Despite the rise on Friday, borrowers can STILL benefit from historically low rates.
Give us a call and we can help you find your new home. 🏡
The Treasury released its plan to privatize Fannie Mae and Freddie Mac. Fannie and Freddie are government-sponsored private companies that buy mortgage loans to ensure investors the safety of bank loan securities and bonds for them to buy and sell. Almost half of all U.S. mortgage loans, totaling $10 trillion, are backed by Fannie and Freddie. The companies were taken into government conservatorship after the federal government bailed them out for over $180 billion after the housing market collapsed in 2008. Basically, the government controls much of what Fannie and Freddie do in the housing bond market, which is selling housing loan bonds to investors. The Treasury now wants to privatize the banks, which means that the companies will be in control of all their profits, not the Treasury, and have much more autonomy. The government, and by extension taxpayers, would not bail out the companies if they were to fail again. This is a major part of the administration's housing finance reform initiative to stop more government bailouts and to get more Americans to buy homes with bank loans. The plan will have to be approved by Congress and the Federal Housing Financing Agency. Please Like. Sources: CBS News, USA Today #housing#franniemae#freddiemac#fannieandfreddie
The ⬆️ and ⬇️ pics are the same 🏠. Ever wonder what the difference in price each home would cost with the bottom house's upgrades? It can cost💲50,000-💲75,000 to pitch a roof, add an addition and install the finishes on the 2nd floor, yet cost over a 💲100,000 more to buy a nicer bigger 🏠 in the same area.
Ask me how I can help your 💵 grow in making the smarter decisions when you buy! There are renovation loans that will cover the 🏠 and the renovation costs with a minimum downpayment of 3.5%! Let's get things moving in life, start by private messaging me! 📥
Buyers rejoice! According to FreddieMac’s primary mortgage survey, the interest rate on a 30 year fixed rate mortgage is hovering around 3.49%. The downward trend continues. Those who are refinancing are surely pretty darn pleased as well. #freddiemac #jvmlending #mortgage #realestate
In a letter sent to Department of Justice (DOJ) inspector general Michael Horowitz on Sept. 15, the progressive firebrand demanded an investigation into why the DOJ refused to file criminal charges against individuals despite “‘serious indications of violation[s]’ of federal securities and other laws,” uncovered by the Financial Crisis Inquiry Commission (FCIC) probe into the causes of the economic crash.
Warren said her staff reviewed thousands of documents recently made public by the FCIC, and identified “11 separate FCIC referrals of individuals or corporations to DOJ in cases where the FCIC found” such evidence. According to Warren, “Nine individuals were implicated in these referrals (two were implicated twice).” The DOJ, she continued, “has not filed any criminal prosecutions against any of the nine individuals. Not one of the nine has gone to prison or been convicted of a criminal offense. Not a single one has even been indicted or brought to trial.” Further, she notes that her staff review “identified potentially illegal activity at 14 corporations (including five that were implicated in multiple referrals).” Though there were five corporations that reached a settlement with the DOJ, not one was criminally indicted or brought to trial.
Summarizing the letter, financial reporter David Dayen noted that the corporate criminals examined in the FCIC documents included
The #FCIC presented #DOJ with evidence that these institutions gave false representations about the loan quality inside mortgage-backed securities; misled credit ratings agencies; overstated assets and earnings in financial disclosures; failed to disclose credit downgrades, subprime exposure and the financial health of their operations to shareholders; and suffered breakdowns in internal
🔥🔥Spectacular Contemporary Home set to hit the market tomorrow🔥🔥
This 4 bedroom 3.5 bathroom home offers more than just design and elegance. As you enter this beautiful master piece you will be stunned by the amazing engineered wood floors throughout the home. The flow between the kitchen, dining room, and living room is effortlessly making it a dream home to entertain during any kind of event
Enjoy the site of the absolutely gorgeous contemporary ceilings that will please your eyes as you stare at them. This home features a finished basement, a large well manicured backyard, central HVAC, new electric, new plumbing, and much much MORE
224 Parkside Rd Plainfield isnt your ordinary home, its the home you have always wanted! Schedule an appointment today!
Call or text me 2017574760 for more details. I promise you this home wont last more than 5 days!! . #realtorlife#realtormichaelgomes#buyorsell#michellepaisgroup#fha#conventional#fanniemae#freddiemac#njrealestate#njrealestateforsale
6 13326 September, 2018
Celebrating with my client, Jonathan, for buying his first home with NO money down. Beautiful one bedroom condo in Capitol Hill. I love my job in helping people invest in real estate and grow wealth!