Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit. Fannie Mae and Freddie Mac say they’ll adopt new underwriting standards for qualified mortgages on July [...]
2020 was a year of record-low mortgage rates, but pandemic-fueled homebuyer demand and sharp drops in inventory sent home prices soaring, eroding mortgage affordability in more than half of the country’s largest cities, according to a report from [...]
Interest Rates. Points. Down Payments. FHA, FDA, Freddie Mac, VA.... The acronyms, 'industry terms', and details of the options you have for a home mortgage seem endless. Don't let the terms and details intimidate you! Texas Equity Group is [...]