Positive News for Mortgage Rates

Positive News for Mortgage Rates

This was a slow economic news week. The First quarter productivity number was revised to-0.6%; yes, shrinking, not expanding, and the unit labor costs revised to 4.5%. Yes: it is costing more to produce something (employee, insurance etc. costs). This was mild news,...
How Many Properties Can an Investor Finance?

How Many Properties Can an Investor Finance?

Myth Buster of the Week:  Investors, have you been told that Fannie Mae only allows you to finance 4 properties? This is FALSE! Investors can finance up to 10 properties with Fannie Mae financing. Most lenders only have a contract for up to 4 financed properties, but...
Market Yawns in This Week’s Economic New

Market Yawns in This Week’s Economic New

Another quiet week ahead of the holiday brought us surprisingly good news that made the market yawn… New home sales were reported up 16.6% in 1 month and 18% year over year. HUGE jump, and the market said “yawnnn”. The median price of homes nationally is $321,000. The...