Jason Gonzalez, Florida Mortgage Broker
30 Year Fixed Rates Will Rise Over 5% Let’s start with the easiest of the 2014 mortgage predictions. Mortgage interest rates rose about 1% from 2012 to 2013, but where will they head in 2014? The answer is unequivocally up. The government has already come out and stated that that they will be purchasing less […]
G Fees Increasing for Conventional Mortgages The Federal Housing Finance Agency (FHFA) recently announced that there will be an increase in the fees associated with conventional mortgages. More specifically, there is to be an increase in ‘G-fees’ throughout 2014, meaning that it will cost banks more money to do business with Fannie Mae and Freddie […]
HARP 2 Refinance Loans Cheaper as of This Week! Despite the slight increase in interest rates, due to a recent policy change, HARP 2 refinance loans have gotten cheaper for upside down homeowners. The HARP 2 refinance, also known as the Home Affordable Refinance Program, was designed to help underwater homeowners refinance into today’s low […]
How to Calculate an FHA Mortgage Payment Calculating a mortgage payment the right way can be a tall order for most big bank employees, let alone your typical home buyer. Since most of the loan applications coming through these days are for FHA purchases with a 3.5% down payment and 30 year amortization, we’ll focus on that scenario […]
The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) Tuesday, which showed sharp, 5-point increase to 46 for November 2012,