NPR: Chris Arnold – FULL ARTICLE
In his jobs speech last week, President Obama also took time to say he wants to help more Americans save money on their mortgages.
AOL: Stefanos Chen – FULL ARTICLE
As first-time buyers struggle with higher hurdles at the bank, some experts are pinning their hopes on baby boomers to boost the flagging housing market.
Boston Herald: Jerry Kronenberg – FULL ARTICLE
Home buyers and sellers fear new rules that cut the size of the cheapest mortgages available will make the already chilly housing market even colder.
“It’s concerning to me beyond just the fact that I’ve got a house on the market,” would-be seller Carroll Ann Bottino said of tighter mortgage rules set to take effect Oct. 1. “Our economy isn’t in any great shakes in this country — and a lot of the problem is housing. We have a lot of unsold homes that we need to move.”
Realty Times: Carla Hill – FULL ARTICLE
Has renewed concerns over the job market affected the way agents and homeowners feel about the market? HomeGain’s nationwide third quarter 2011 home values survey found that forty-seven percent of surveyed real estate professionals nationwide expect home values to decrease over the next six months.
By Julie Schmit, USA TODAY – FULL ARTICLE
Time is short for some buyers and owners of more expensive homes to get the best terms on mortgage loans. Starting Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. That will force many future borrowers into more expensive and harder-to-get jumbo loans.
Chad Focht has been a Mortgage Advisor here at Mason McDuffie since April of 2010. He is very involved in our Social Media Strategy and has a wonderful Facebook Page. In addition to our corporate website you can also visit him on Facebook.
Huffington Post: Matthew Dornic – FULL ARTICLE
Thanks to heavy rainfall and flooding from Hurricane Irene, residents from North Carolina to Vermont this week are dealing with serious property damage. Luckily, many home owners are protected through the National Flood Insurance Program (NFIP). But had the hurricane hit only a month later, this week’s headlines may have been very different.