In an attempt to reduce the amount of time that loan approvals are disrupted by the federal government shutdown, government-backed mortgage giants Fannie Mae and Freddie Mac are temporarily easing some standards for lenders.
Fannie and Freddie provided instructions on Wednesday that outlined temporary steps for flood insurance verification …
Shutdown of the Government
The government shutdown resulted in the non-release of several critical reports, which left investors largely in the dark, as opposed to the customary first week of the month, which is typically characterized by the release of significant economic data. There was minimal response to the most …
Despite core inflation running at 3.1% year over year, according to this week's CPI report, mortgage rates hit a new 2025 low today. Any worries about inflation are now overshadowed by improving mortgage spreads and softening labor data. The scenario would be different if the jobs statistics exceeded estimates.
Mortgage …
According to the Mortgage Bankers Association, the number of mortgage applications rose by 3.1% for the week ended August 1, which led to a rise in the demand for home loans. The rise comes after a 3.8% drop in applications the week before.
Freddie Mac also said that mortgage interest …
Mortgage rates kept going down on Thursday, hitting a 12-week low just before the holiday weekend. This was because markets were waiting for important economic data before the next Federal Reserve policy meeting.
Freddie Mac said that the average rate on 30-year fixed home loans fell from 6.77% last week …
As of Friday, August 16th. There are currently 62 single family homes and condos available for sale UNDER $500,000 in Liberty Township, Ohio and West Chester, Ohio. The inventory has continued to rise, check out all of the listings available in Lakota School District here.
Here are a few pros and cons to consider before adding a pool to your home.
When it comes to deciding …
House hunting in Ohio just got a whole lot easier! Imagine a visual tool that lets you see every single home currently available for sale across the entire state. No more endless scrolling through listings or missing out on hidden gems. This interactive map is here to revolutionize your search. …
View MoreCurious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific …
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