Mortgage rates moved higher today after the Federal Reserve announced the first reduction in its purchases of Treasuries and MBS. … Read more »
Articles Categorized: News
The Qualifed Mortgage Rule: How to Qualify for a Home Loan in 2014
The Consumer Financial Protection Bureau (CFPB) will begin enforcing the Qualified Mortgage (QM) Rule starting January 10, 2014. This QM rule will introduce new underwriting standards for lenders and determine how they qualify borrowers for most loans. … Read more »
Key Questions for the New Federal Reserve Chair
It’s the interview that will determine the course of the U.S. economy for the next four years: Janet Yellen will face the Senate Banking Committee on Thursday, as lawmakers weigh her nomination to head the Federal Reserve…. Read more »
So Cal Home Prices are Flat for Fourth Month in a Row
The median home price in Southern California is virtually unchanged since June. Sales decline 4.4% from a year earlier. Click here to read more.
Fed Officials Postpone Reducing the Max Size of a Home Loan
Federal officials will delay any reduction in the maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac until next spring at the earliest, amid heavy resistance from the real-estate industry and many lawmakers in Congress. Learn more.
Fed Tapering Expected to Continue
The Federal Reserve is not expected to reduce their purchase of government and mortgage related debt, which is helping keep interest rates low, until 2014. Read more here.