The real estate market continues to bloom this spring. 2016 was a record setting year for the housing market in Wisconsin and the pace of sales are continuing to increase, even as prices rise, according to the January existing home Market Report by the Wisconsin Realtors® Association. According to the National Association of Realtors, homes … Continue reading HOME SALES HIT SPRING RECORD

The Rising Interest Rates and Their Impact on You

INTEREST RATES ARE UP As most of us are aware, the long-predicted increase in mortgage rates seems to have arrived.  After the summer’s market adventures pushed rates back near their all-time low, the events of the fall have pushed them back in the opposite direction – and quickly.  The presidential election, and the subsequent rate … Continue reading The Rising Interest Rates and Their Impact on You

FHA and VA Increase Loan Limits for 2017

FHA and VA increase loan limits for 2017 Last week, we announced the news that the FHFA increased conforming loan limits. As a result, the Federal Housing Administration (FHA) and Department of Veteran Affairs (VA) have also increased the limits for FHA loans and VA loans, respectively. FHA loan limits have increased from $271,050 to … Continue reading FHA and VA Increase Loan Limits for 2017

HomeReady™ Mortgage Loan Program

Built for today’s first time home buyers and available for those who have already owned a home, Fannie Mae has replaced the MyCommunityMortgage® with the HomeReady™ Mortgage loan program. Below are some highlights of the new program: Extended households may help you qualify If your household includes members who won’t be included on the mortgage-such … Continue reading HomeReady™ Mortgage Loan Program