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More Home Purchased with Cash in 2011

In 2006 approximately 19% of home purchases were made with cash. Five years later that figure has risen to 38%, effectively doubling. These surprising numbers were reported in a recent study by Dienhart and Lee, with the research firm Hanley Wood Market Intelligence. In 2010 that number was 34% even though Read More...

Conforming Loan Limit Update

So the House has passed the legislation yesterday to reinstate conforming loan limits, now its approval sits on President Obama’s desk. I think almost everyone believes he will sign it today making it official. While this is a good start it does have a catch as limits are only being bumped back up, to the previous $729,950, on FHA loans not those backed by Freddie Mac or Fannie Mae. Read More...

Government Expands HARP Refinance Program

Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down.  The Federal Housing Finance Agency (FHFA) announced today that it will broaden the scope of the Home Affordable Refinance Program (HARP) Read More...

Loan Limit Update

The conforming loan limits are, as of this writing, still set to adjust at the end of September 2011. Read More...