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Big Mortgage News as FHA Drops Their Insurance Premium MIP

More Affordability on The Way From Housing and Urban Developments press release on Wednesday February 23, 2023 The premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated

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Posted in General Real Estate, Mortgage News

Mortgage Rates Drop, Lower Downpayment, and Lower Mortgage Insurance = Great Time to Buy!

Thinking about buying a home in the Page Lake Powell area? Now may be just about the perfect time. Four mortgage items of interest in the past couple of months mean home buying just got less expensive. If you are

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Posted in Mortgage News

VA Loans Post Their Biggest Year Ever in 2013

2013 saw the most active year for Veterans Administration Guaranteed Loans, ever. While about half of the nearly 630,000 VA mortgages last year were for new home loans the other half were veterans utilizing the historic low interest rates to

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Posted in Mortgage News

October 2013 Mortgage Interest Rates Fall Again

With a weaker jobs report than expected and the end of the partial Federal Government shutdown, mortgage interest rates have fallen to the lowest level since June. Rates on 30-year fixed-rate mortgages averaged 4.13 percent with an average point of

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Posted in Mortgage News

With Interest Rates This Low it is a Great Time to Buy

Mortgage interest rates have fallen to historic lows and there is a good supply of homes in the Page Lake Powell market, making now a good time to buy.

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Posted in Mortgage News

Why Buy Now? Interest Rates Are Historically Low and a Great Selection of Homes!

We have a lot of great homes for sale in the Lake Powell area, so if you have been waiting, now is the time. Sometimes a picture is worth more than a thousand words! Thanks to the CAR for the

Posted in Mortgage News

50 State Attorney's General Begin Foreclosure Investigation – Robo Signers Come to Light

As 50 State Attorney’s General begin investigations into the foreclosure process – I wanted to share this article from the Huffington Post today. Banks’ Foreclosure ‘Robo-Signers’ Were Hair Stylists, Teens, Walmart Workers: Lawsuit I am saddened by this article, and

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Posted in Mortgage News

FHA Tightens Some Parts of Loan Requirements, Leaves Others Alone

FHA, which insures close to 6 million loans in our country, is tightening some standards, while leaving others alone. Several months ago the FHA reserves, which congress has mandated to be 2%, fell lower than .5% due largely to delinquent

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Posted in Mortgage News