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Click here for Audio Version Product Update: Cardinal financial has updated its conventional loan limit to $750,000 in anticipation of Fannie Mae and Freddie Mac’s 2024 loan limit release. A buyer can put as little as 3% down on a sales pric
Oct 31, 2023 | Financial Markets Southern Nevada Real Estate Data Mortgage Market Review Mortgage Rates Interest Rates
Loan Declines on the Rise According to a recent article in Forbes, loan applications across all types of credit are being declined at a much higher percentage than usual. I thought this was interesting because anecdotally it sure has felt lik
Sep 29, 2023 | Financial Markets Southern Nevada Real Estate Data Mortgage Market Review Interest Rates Mortgage Rates
Financial Markets- Stocks The markets held their breath as Fed Chairman Powell spoke about their stance on inflation, and while he warned of possible rate hikes should inflation show any signs of sprouting back up, he also stated that there is an element
Aug 25, 2023 | Financial Markets Southern Nevada Real Estate Data Mortgage Market Review Interest Rates Mortgage Rates
Click here for Audio Version Financial Markets- Stocks There appears to be some life in the stock market over the past 4 weeks. The Dow is now up roughly 1,200 pts since Memorial Day weekend, but still a little over 2,000 pts from its peak in December of
Jun 29, 2023 | Financial Markets Southern Nevada Real Estate Data Mortgage Market Review Interest Rates Mortgage Rates
Clarifying Recent Changes to FHA, Fannie Mae and Freddie Mac Click here for Audio Version Changes to the biggest purchaser of mortgages has been coming fast and furious. I had some time to digest the changes and wanted to share some of it with you s
May 17, 2023 | Financial Markets Mortgage Rates Southern Nevada Real Estate Data Mortgage Market Review Interest Rates
FHA Drops Mortgage Insurance Premiums! Hud has decided to lower monthly mortgage insurance premiums effective immediately from .85% to .55%. This is equivalent to nearly 3/8ths of a percent decrease in rate. On a $400,000 loan amount this translates int
Mar 10, 2023 |