John Juarez, ePRO, SRES, GRI, PMN (The Medford Real Estate Team)

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Rainmaker
2,062,514
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Our buyer just got 2.75% interest. 

Not bad at all.

Aug 15, 2020 11:16 AM
Rainmaker
1,596,586
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I have no clue...

Aug 16, 2020 06:12 PM
Rainmaker
990,805
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I wasn't but I have now taken action. Had a client just lock in 2.75% 

Aug 15, 2020 09:52 AM
Rainmaker
6,603,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Typical for the Trump administration. 

Aug 15, 2020 08:58 AM
Ambassador
3,271,883
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I sent letters to our representatives and senators.  What an absolutely riciculous thing to vote in at this particular time during a pandemic and with zero notice.  It may not seem like a lot of money to some but for those first time buyers etc that is trying to pull together their funds it does make a big difference.....it is.

Aug 15, 2020 04:08 PM
Rainer
135,173
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA
Builder

It's a preemtive strike against future foreclosures and frankly after what happened with the housing market in 2007 I understand it.

Aug 15, 2020 09:51 AM
Rainmaker
2,641,192
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It is not so much our laws, rules and regs but the people behind them & how they apply (or don't) them. In this case, we are at the mercy of people who don't know what they do nor do they care. Real Estate savvy is lacking

Aug 15, 2020 09:18 AM
Rainmaker
4,205,996
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Rates are low so investor returns are low. Investors want more. Simple! 

Aug 16, 2020 07:10 AM
Rainmaker
1,228,759
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes. Very aware.

FHA = F'n Half Ass 👎

I'd never encourage an FHA loan at this point.

Clicking the link.

 

Aug 15, 2020 06:02 PM
Rainmaker
644,948
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

I don't see any anger in our local real estate community.

Aug 17, 2020 04:59 PM
Rainer
317,285
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

John Juarez  FHFA plans to collect billion of dollars with this pricing add to everyone who is on sturdy legs to pay for all those who have not been paying since February. I hope Rainers will read the link.  This plan is extra TAXES on those who own homes, have jobs and decent credit. 

Aug 17, 2020 07:51 AM
Ambassador
3,054,625
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am aware. I really need to read more about this. I was discussing it with my friend in Boston last night during our weekly phone chat happy hour. She was not aware of it. I promised to send her a link to the information. 

 

Aug 16, 2020 09:06 AM
Rainer
379,380
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

They are afraid of huge future losses once the foreclosure moratoriums are lifted across the country.  Maybe an increase is justified but it should have a future start date (for example 10/01/20) instead of applying to loans already in the pipeline, including locked loans that won't be sold until after the increase takes effect.

Also, it is harder to justify for a Rate and Term refi, that is lowering a borrower's mortgage payment.  I would more accepting of a 25 basis point increase on Cash Out refis.  The whole thing was handled very poorly.

Aug 16, 2020 08:33 AM
Rainmaker
4,936,521
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Had not heard, but will check this out.   My buyers just locked in a great rate.

Aug 16, 2020 07:05 AM
Rainmaker
2,808,226
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

What? Did they extend to new mortgages, too?  I thought it was just refi's.  I think it's wrong either way, but can't keep up with the utter stupidity of our country.

Aug 15, 2020 04:07 PM
Rainmaker
1,722,500
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

They are always trying to 'mess' with FHA. There is that block of money there that they are always poking at. 

Aug 15, 2020 01:20 PM