December 2008
9 posts
New Year, New FHA Mortgage Limits
HUD Secretary Steve Preston has announced new limits on the mortgage amount insurable by the Federal Housing Administration beginning January 1, 2009. Under the 2008 Housing & Economic Recovery Act, limits are set at 115 percent of a market’s median house price. They can’t be lower than 65 percent or higher than 150 percent of the national conforming limit of $417,000. Preston says the limits...
NAR Applauds Fed for Timely Action on Rates
The NATIONAL ASSOCIATION OF REALTORS® applauds the actions of the Federal Reserve Board in lowering interest rates for home buyers and homeowners who need to refinance. This will significantly impact housing sales, home valuations, and the nation’s overall economy.
The Federal Reserve will purchase large quantities of agency debt and mortgage-backed securities to provide support to the mortgage...
NPR Discussion Board, Audio, & Article on Rate Cut →
Washington Post Rate Cut Article →
FED Rate Cut "as low as it can go." →
Study Shows Housing Values Have Climbed
Daily Real Estate News | December 9, 2008
News reports have been packed with stories about declining home values, but a recent government report shows that the situation is not nearly so dire as some reports make it sound.
Despite big loses in some areas of the country, the majority of markets continue to show growth in home value over the last five years.
According to the third-quarter...
New Year’s Resolution:
Save to Purchase a New Home.
There has never been a better time to buy. Interest Rates are at historic lows and current housing prices offer incredible values to Purchaser’s. This is your chance to achieve the goal of homeownership, refinance your existing home at better terms, or live in areas closer to where you teach.
We recognize that teachers are building the...
“Best Overall Place for Women to Live: BETHESDA, MD”
– SELF Magazine December 2008
