Purchase News
Fed Drives Interest Rates Even Lower
Posted in Purchase News on October 14, 2011
The Federal Reserve recently announced that long-term interest rates, which are already at historic lows, would now go even lower! If you have been thinking about refinancing your mortgage but were holding off in hopes that rates would lower even further, now is the time to take action. With what they are calling "exceptionally low" interest rates, it is the best and possibly only time to lock in your interest rate in at all time lows! The risk is waiting and not acting, so ca ...
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Product Enhancement Announcement
Posted in Purchase News on August 23, 2011
AnnieMac Home Mortgage is pleased to announce the official rollout of its GinneMae (GNMA) product line. By leveraging some of our existing relationships we now have the ability to fund quality FHA/VA loans which for one reason or another fall out of the normal secondary market channel.
A Brief Primer on GNMA
To understand what GNMA is and how it will assist in closing the high quality, government-insured loans that our investors will not purchase it might hel ...
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AnnieMac Renovation Lending Division
Posted in Purchase News on August 23, 2011
We are proud to announce the formation of the AnnieMac Renovation Lending Division (AMRL). The creation of this division is part of a strategic move by AnnieMac Home Mortgage to increase production and positive media exposure for our company by adding an underutilized and somewhat esoteric product well suited for today’s housing market.
As you all know the momentum in today’s housing market is rapidly swinging towards purchase business. What you might not know is that approximately 30% of ...
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What's Happening in the Housing Industry
Posted in Purchase News on June 17, 2011
Currently, the housing industry resembles a rollercoaster with mortgage lenders busy refinancing mortgage loans, mortgage loan rates at a historic low and housing more affordable than ever but at the same time more difficult to purchase due to problems in obtaining home mortgages.
For buyers with an excellent credit score and a significant down payment, this is an auspicious time to purchase. Housing affordability is now at its high ...
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