Understanding the Recent Changes to Mortgage Loan Level Price Adjustments As a real estate agent, it’s important to keep up with the latest news and trends in the industry. One topic that’s been making the rounds lately is the shocking headlines: “Biden Raises Costs for Homebuyers With Good Credit to Help Risky Borrowers”! And these… [Read More]
Mortgage Rates April 2023
Mortgage Rates Drop Again, But Homebuyers Still Face Obstacles in Spring Season Great news for homebuyers as mortgage rates have fallen for the fourth consecutive week, according to Freddie Mac. The average rate on a 30-year fixed mortgage has dipped to 6.28% from 6.32% the previous week. But is the decrease enough to offset other… [Read More]
Breaking News: FHA Mortgage Insurance Cut by 30%!
Hey there, future homeowners! Have you heard the news? The Biden administration just released a plan announcing some exciting changes to FHA mortgage insurance rates that could make buying and owning a home more affordable for hundreds of thousands of people! So, what’s the scoop? The plan is all about cutting mortgage insurance costs by… [Read More]
Closing Costs
One of the most significant costs associated with buying or selling a property is the closing costs. In this blog post, I explain what they are, and examples of what you can expect to pay when buying or selling a property in Colorado. What are Closing Costs? When closing a real estate deal, buyers and… [Read More]