Main navigation

Blown Mortgage

First Time Home Buyer Programs | Home Loans | Refinance

freddie mac

Freddie Mac Releases Mortgage Volume Summary for October

by


Deprecated: wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /nas/content/live/blownmortgage/wp-includes/functions.php on line 5323

Total mortgage portfolio increased at an annualized rate of 6 percent in October according to Freddie Mac’s latest Mortgage Volume Summary Data for 2017. Other highlights of the report include the following: For October, the volume of single-family refinance loan purchase and guarantee was $13 billion. This represents 38 percent of the total single-family mortgage … [Read more...] about Freddie Mac Releases Mortgage Volume Summary for October

You Can Borrow More for a Home as FHFA Raises 2018 Conforming Loan Limits

by

For the second year, the Federal Housing Finance Agency, who oversees Fannie Mae and Freddie Mac, has increased loan limits on conforming mortgages in 2018. The increase in 2018 conforming loan limits matched rising home prices felt across the U.S. Based on its House Price Index, the FHFA revealed that house prices jumped 1.4% in the third quarter of 2017. On a … [Read more...] about You Can Borrow More for a Home as FHFA Raises 2018 Conforming Loan Limits

Yes, HARP® Is Extended But Better, All-Inclusive Refi Options Are Up and Coming

by

Eight years later, the Home Affordable Refinance Program® (HARP®) has continued to serve millions of homeowners resulting in billions of dollars in savings. While it has been extended a couple of times, the truth is HARP® will end December 31, 2018. What’s to happen after that? You have other refinance options - new high LTV streamlined refinance programs to replace HARP® … [Read more...] about Yes, HARP® Is Extended But Better, All-Inclusive Refi Options Are Up and Coming

How is your Mortgage Rate Determined?

by

If there’s one thing borrowers worry about the most with a new mortgage it is the mortgage rate. It makes sense. Who wants to pay more interest than necessary? Did you know, though, there are many factors that drive this rate? Some are in your control, others aren’t. We discuss both here so you can make the most of the rates offered to you. Factors you Can’t Control There are … [Read more...] about How is your Mortgage Rate Determined?

Things to Consider When Using Gifts for Down Payment

by

The average American home costs around $200,000. That means if you are getting a mortgage under the umbrella of Fannie Mae and Freddie Mac, you must put down around 5 to 20 percent of the property’s sale price. That is about $10,000 to $40,000 in down payment that you need to pull out from your savings or your liquid assets. But not everybody has the money to cover that … [Read more...] about Things to Consider When Using Gifts for Down Payment