Fannie Mae Facility

Fannie Mae, Freddie Mac now permitted to keep $45 billion in profits

The nation’s two biggest mortgage lenders, Fannie Mae and Freddie Mac, will now be able to retain a larger share of their profits as the United States looks to transition them into private control.  The Treasury Department and Federal Housing Finance Agency announced Monday that a new letter of agreement aims to boost the capital […]

Higher Home Prices

Home prices are rising again as mortgage rates remain low

Low mortgage rates in the United States are finally beginning to drive price increases in the housing market. It’s a trend some analysts believe is going to pick up steam over the next year. For months, the low 30-year fixed mortgage rate (now hovering between 3.5% and 3.6%) has been encouraging a boom in refinance […]

Real Estate Investing

Real estate replaces stocks as America’s favorite long-term investment

Americans have cast aside their painful memories of the 2008 real estate housing market crisis and regained their faith in real estate investing, according to a national survey from Bankrate. Traditionally, real estate has been viewed as a safe and reliable long-term investment. It not only provides the benefit of a roof, but it also […]

Keys to home

Refinancing boom has mortgage brokers swamped with applications

The surge in mortgage refinancing applications in 2019, led by prolonged falling interest rates in the United States, has work piling up for the mortgage brokers who are processing them.  Compared to a year ago this past week, refinancing applications were up an incredible 116%, according to the Mortgage Bankers Association.  With the 30-year fixed […]