Category Archives: Mortgage Guidelines

Mortgage Rates Again at Historic Lows

Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic […]

Also posted in Chicagoland Real Estate News, FHA Loans, For Buyers, Mortgage Rates, Move-Up Buyers | Leave a comment

Mortgage Rates Just Jumped Over 4%. Now What?

Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac‘s Mortgage Market Survey. In an article in Housing Wire, a Bankrate analyst explained: “Mortgage rates rocketed higher following a stronger than expected monthly employment report. The good news on the job front further solidifies the […]

Also posted in Chicagoland Real Estate News, Credit Scoring, FHA Loans, For Buyers, Homeownership, Interest Rates, Mortgage Rates | Leave a comment

Is Getting a Mortgage Getting Easier?

There has been a lot of discussion about how difficult it is to get a home mortgage in this market. There is no doubt that the process is not as easy as it was eight to ten years ago and that’s probably good news. However, it does appear that availability to mortgage money is increasing […]

Also posted in Chicagoland Real Estate News, Mortgage Rates | Leave a comment

Freddie Mac’s New 3% Down Program

Today, Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years. The program is called Freddie Mac Home Possible AdvantageSM. In a recent Executive Perspectives, Dave Lowman EVP, Single-Family Business Freddie Mac, […]

Also posted in For Buyers, Mortgage Rates, Renters | Leave a comment

Mortgage Approvals : Documents You’ll Need For Your Lender

According to the Federal Reserve’s quarterly Senior Loan Officer Survey, it’s getting easier to get approved for a home loan.

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