Fannie and Freddie extend appraisal waivers to even more homebuyers Loaner

Fannie Mae and Freddie Mac announced new, expanded assessment waivers to reduce costs and help more first-time home buyers purchase property. Both companies already offer appraisal waivers on some of the loans they guarantee, but the loan-to-value (LTV) ratio is currently capped at 80%. This means you must bring a deposit of at least 20% … Read more

How did nearly half of recent homebuyers get a mortgage rate below 5%? Loaner

Everyone knows that high mortgage rates have been a total drag lately, especially for potential buyers facing sky-high asking prices. But what if I told you that almost half of those who recently purchased a home still have an interest rate below 5%? This seems quite unlikely, given that the 30-year fixed rate returned above … Read more