Tag: housing
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New FHFA mortgage rules could punish the financially saavy
The Federal Housing Finance Agency (FHFA) recently announced some changes to their formula that will directly affect Loan Level Price Adjustments (LLPAs) that are set by underwriters Fannie Mae and Freddie Mac. Scheduled to take effect on May 1st, these changes were intended to lower mortgage costs for entry-level homebuyers, however, could have the inverseRead…
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FHA to allow mortgage terms of 40 years
On Wednesday, the Federal Housing Administration (FHA) announced that 40 year mortgage terms will be permitted beginning in May. Previous to this, mortgages were limited to 30 years. What the FHA ruling means for consumers You may wonder how this new ruling will impact consumers, if at all. Well, it’s certainly going to increase theRead…
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Housing 2023 Crash, Christmas Shopping and the Big Crypto Scandal
AJ and DC discuss todays top financial issues, the Looming Housing Crash of 2023, Christmas Shopping and the one of the biggest scandals to hit our time. The federal reserve announced that they believe housing prices to crash in 2023. People are planning to go into debt for Christmas this year and right before what…
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Home prices expected to drop in 2023: Get ready to buy, now!
Is my article title confusing? If you’ve been visiting the site for any period of time, it shouldn’t be. Like anything else, the best time to purchase is when something is on sale. Expected price drop There are a few factors at work here, currently. The Federal Reserve has been pumping interest rates for theRead…