This morning I took the kids to school, and I LOVE that we have a
longer commute! The conversation today went from 70's music (my 9 year old is
obsessed with the disco era!), questioning me if I had an afro (does big hair
in the 80's count?), and when I was going to have a little baby in my tummy
(that came from the 4 year old).
If they want a little sister, they have to settle for the dog
Lola! Just to be clear, there is no baby in the tummy. The stream of
consciousness though was HILARIOUS, and really got my day off to a great start!
Speaking of great start!
FHA is really stepping up to make homeownership more
affordable this year!
- On Jan 1, Loan limits increased to $326,600 (a price of 338,445 can have a 3.5% down payment and a 620 credit score!)
- In late January (no formal date yet) the MONTHLY mortgage insurance premium will go down .500%, from 1.35% to .85%. That is a savings of $42/month on every 100K borrowed!
- See more here! http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/lender/origination/mortgage_limits
In the markets:
Last week bond yields (hence mortgage rates) DECLINED with the
news of concerns about the pace of global economic growth. READ MORE HERE!
May you be on your way to much professional and personal success
in 2015!
~ Jen
