From our lender partner, Travis Johnson: The FHFA (Federal Housing Finance Administration) announced targeted increases to second home loans in 2022. The new fees will go into effect for deliveries beginning April 1, 2022. Once a loan closes it typically takes a lender 2 weeks on average to sell it to Fannie Mae or Freddie Mac. … Read more
From our trusted lender partner, The Dean Team’s Joshua Dean of Homeowners Financial: I feel the need to discuss something that is happening in the market. As many of you have likely heard, Interest Rates are on the move again. Sirens have long be sounded about this day coming. Contrary to the general sentiment though, the … Read more
The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the … Read more