Tag Archives: Interest Rates

Fannie Mae Increases Mortgage Help for Unemployed Borrowers

Fannie Mae followed Freddie Mac by issuing new guidelines for unemployed homeowners facing foreclosure.  An unemployed homeowner can receive as much as twelve months forbearance. The servicer can approve an unemployment forbearance term of six months without obtaining Fannie Mae’s … Continue reading

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Is this Really the Best Time to buy a Home in Washoe County?

This RGJ opinion piece by Missy Hinton argues that now is the best time to buy a home here in the Reno-Sparks area. The argument, as I read it, is primarily based on interest rates and the consequences of missing … Continue reading

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Homebuyers Turn Toward Cash for Purchases

Jason Hidalgo has a nice article today in the RGJ about many homebuyers avoiding the banks and paying cash for the purchase. Part of the reason is the very large price drops we have seen.  Many of the homes are … Continue reading

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Mortgage Rates Heading Higher

The AP reports that mortgage rates have begun heading higher. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be … Continue reading

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Near Record Low Mortgage Rates

Mortgage rates are at near record low levels. And, for our own re-fi, – would you believe the bank is concerned that I mis-spelled the name of my second cousin, fourth removed and forgot to mention the $15.00 that I … Continue reading

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