FDIC Proposed Rulemaking: Residential Real Estate limit for Appraisal Requirements The Federal Deposit Insurance Corporation (FDIC) are proposing a new rule to raise the starting point for residential real estate sales requiring an appraisal to be triggered at $400,000. The reason for this is due to the concerns over the costs as well as the […]
30YR FIXED – 4.75% FHA/VA – 4.25% 15 YEAR FIXED – 4.25% 5 YEAR ARMS – 4.375%-4.875% depending on the lender These are the highest rates in more than 7 years, but keep in mind these are still incredibly great rates!
In approaching the end of 2018, there are markets that have begun to show signs of a downturn. This includes some popular metropolitan cities that have been leaders in the post recession housing boom; many predominantly located on the West Coast. The most common indicaters of a downturn are: an escalation of houses on the […]