If interest rates are high – why are home prices staying high
Interest rates and home prices are in many ways tied together. When rates go down so many times the home prices go up and when rates climb the home prices will go down. That was not the case when we
FHA Rollback of the Rollback
As noted recently, Julian Castro, the HUD (Housing and Urban Development) Secretary, announced a rollback of the FHA (Federal Housing Authority)-required mortgage insurance premiums from .85% to .60%. The change was to be effective on January 27th. The … Read the rest
First-Time Homebuyer Assistance Programs
There are legitimate zero-down programs for first-time homebuyers that have been around for many years. Those never were, nor ever will be, poorly thought out and/or designed to put people in homes they might not be able to afford. These … Read the rest