Month: July 2017

Debt To Income Ratio Limits Raised

A Brown Home

Higher Deb To Income Ration Now Eligible: On July 29th, 2017 the door to a new mortgage will be opened for thousands of potential homeowners and current homeowners that have a Debt-To-Income (DTI) ratio above 45%. The mortgage giant Fannie Mae will be making an adjustment to its Automated Underwriting System (AUS) so that those with a 45%-50% DTI will … Read more

Fed Meeting July 26, 2017

Janet Yellen

They Raised: As expected the FOMC (the Fed) left short term interest rates alone and expressed some concern over the lack of inflation which is generally good news for the bond market.  However the market reaction was muted; the 10y yield moved from a 2.31% level down to 2.30% as many investors and analyst anticipated the outcome of today’s meeting. … Read more

Fed Meeting & Mortgage Rates 07.2017

The Fed

Tomorrow Is Decision Day: Tomorrow afternoon the Federal Open Market Committee (commonly refereed to as the “Fed”) issues their decision about raising short term interest rates and their economic outlook.  Before we go into the market expectations and what may happen with mortgage rates after the FOMC issues their statement; lets cover a very basic point that most people don’t … Read more

Strong Growth In Foreign Home Buyers

Family Home

National Association Of Realtors: According to a study from the National Association of Realtors, which was conducted during a 12 month period that ended in March 2017, foreign home buyers jumped to its highest level ever.  The biggest group of foreign buyers were from Canada.  Furthermore almost half of all foreign home buyers bought in homes in three states California, … Read more

Some Homeowners Have Buyers Remorse

California home

A Study By Trulia: An interesting study is out by Trulia; in a poll of 2,000 people 40% of homeowners expressed remorse about the home they purchased.  40%?  That seems really high and somewhat surprising that 40% of people were not satisfied with the home they purchased.  And what was the biggest issue for these homeowners? Home size; buying a … Read more