Premier Property Group Blog

Will Congress block the reduction in FHA loan limits, time will tell.

September 10, 2011

Time is running out for Congress to decide whether to block a scheduled drop in the maximum size of government-backed mortgages, and some House lawmakers are calling for quick action. The group, mainly Democrats from pricey coastal housing markets, is pushing to add to a federal spending bill a measure preventing the maximum size of [...]

Mortgage rates fall to an unprecedented low of 4.125%!!!

September 9, 2011

WASHINGTON – Sept. 9, 2011 – Fixed mortgage rates fell this week to the lowest levels in six decades. But few Americans can take advantage of the rates to refinance or buy a home.The average rate for the 30-year fixed mortgage fell to 4.12 percent, down from 4.22 percent, Freddie Mac said Thursday. It’s the [...]

Fannie Mae and Freddie Mac place lower loan limits on mortgages they buy from lenders effective 10/1/11.

September 7, 2011

Starting Oct. 1, Fannie Mae and Freddie Mac will add limits on the size of mortgages they purchase from lenders — a move that likely will force future borrowers into the more expensive and harder-to-get jumbo loans, USA Today reports. The changes would affect home loans of more than $625,500. A number of large lenders — including Bank [...]

What Freddie Mae and Fannie Mae knew.

September 6, 2011

The 17 lawsuits filed Friday by federal regulators against some of the world’s biggest financial institutions hinge on a simple premise: The mortgage loans that banks packaged into securities often didn’t meet the underwriting guidelines the banks outlined in their securities filings. The lawsuits, filed by the Federal Housing Finance Agency, allege that the banks [...]

Mortgage rates at historic lows within the U.S.

September 5, 2011

Mortgage rates in the U.S. remained at or near historic lows over the past week amid weak signals from the economy and the housing market, according to Freddie Mac’s survey of mortgage rates. Freddie Mac Chief Economist Frank Nothaft said the stiff decline in August consumer confidence and a downward revision to U.S. second-quarter economic growth [...]

Florida is one of 13 states with a AAA credit rating.

August 11, 2011

While politicians in Washington, D.C., struggle with our nation’s debt, out-of-control spending and the recent downgrade in our nation’s credit rating by Standard & Poor’s, Florida received an upgrade from the same credit rating agency from negative to stable. This upgrade was a direct result of the actions that we took during the 2011 legislative [...]

State of Florida is seeing an increase in tax values, a great sign the market is recovering.

August 4, 2011

TALLAHASSEE, Fla. – Aug. 4, 2011 – In a sign that Florida’s housing market may be on the road to recovery, the state’s top economist expects an increase in school property tax rolls next year of 1.3 percent.Though that is actually a slight decrease from the original forecast of 2 percent, it is one of [...]

Pending sales spike 20% in some regions of the country.

August 3, 2011

Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago. The Pending Home Sales Index,* a forward-looking [...]

U.S. home prices up for the first time in 8 months in 20 of the largest markets.

June 28, 2011

New York – The price of single family homes in the 20 biggest U.S. metropolitan areas rose in April by 0.7 percent over the preceding month, the first monthly increase in eight months, according to the Case-Shiller report released Tuesday by Standard and Poor’s. “In a welcome shift from recent months, this month is better [...]

International buyers span the global markets.

May 15, 2011

This spring, Russian billionaire Yuri Milner paid $100 million for a French chateau-style mansion in Silicon Valley, setting a record for the highest price ever paid for a single-family home in the U.S. In January, Ukraine’s Rinat Akhmetov closed on two of London’s most expensive apartments ever for a combined $222.5 million. In Paris, a [...]

← Previous Entries

Next Entries →