Understanding the St. Louis Housing Market
The St. Louis housing market, like many others, has seen its ups and downs. With concerns about a potential housing crash looming, it’s natural for potential homebuyers to feel uncertain. Let’s break down the facts and separate fear from reality.
What Does a Housing Crash Really Mean?
A “housing crash” is a broad term often misunderstood.
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…
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…