August 15, 2024 – Mortgage News, Mortgage Rates
With President Biden stepping out of the 2024 presidential race, Vice President Kamala Harris has become the focus of recent news. As Harris gears up for her presidential run, her financial decisions, including her mortgage choices, are being closely examined. One notable detail is her use of a 7-year adjustable-rate mortgage (ARM) with an…
Are you a St. Louis homebuyer feeling overwhelmed by rising mortgage rates? You’re not alone. But there’s a silver lining to this cloudy market.
The mortgage landscape has undergone a dramatic shift in recent years. Millions of homeowners locked in ultra-low rates during the pandemic, creating a market imbalance. However, this trend is starting to reverse, offering potential benefits…
Is Freddie Mac’s new second mortgage pilot program a game-changer for St. Louis homeowners?
Not likely. While it’s a step in the right direction for potential home equity access, the program’s limitations and the current market conditions suggest a minimal impact for most homeowners.
What Does the Freddie Mac Second Mortgage Pilot Mean for St. Louis?
The Federal Housing Financ…