[embedded content] The housing industry was dealt a big change this week as the Federal Housing Finance Authority decided to raise prices on refinance loans sold to Fannie Mae and Freddie Mac. The group announced the institution of an Adverse Market Refinance Fee. The fee is a 50 basis point …
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The main headline in housing is yet another week of historically low mortgage rates. However, the extremely low rates are starting to have an adverse effect on purchasing power. This week, and for the eighth time this year, Freddie Mac’s 30-year fixed-rate mortgage average hit an all-time low. The latest …
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As of this week, more than 26 million Americans have filed for unemployment. That number is staggering. This week alone, according to the Labor Department, 4.4 million more Americans filed initial unemployment claims. The positive that we can draw from that is perhaps we have reached the peak of job …
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