FHA Loan Limits Hit Hillsborough County Hard
This announcement came to me today and as it is very important to 90% of borrowers today, I am passing this information along. If you have any questions, please feel free to contact me direct 603-781-4099.
New Hampshire Association Of Realtors Announces
Here’s My Take: FHA Loan Limits Hits Hillsborough Hard?
Looking at the sales data for the hardest hit, Hillsborough County, year to date over the last four years, the impact doesn’t initially seem significant. Keep in mind that Median Sales Price is the transaction in the middle of all the data with half of the transactions having a sales price above the median and half below. With home sales on the rise, New Hampshire’s economic recovery and the nation’s as well is directly related to home sales and new homes being built. Will a 10% reduction in loan limits make that much of a difference? I’m not so sure but the better news is more conventional loans are available with 5% down payments and no mortgage insurance. Take a look at your => 7 Best Finance Options and get pre-approved today.
Where’s The Hillsborough County Inventory Problem?
Evidenced by the data, inventory looks good. More listings are coming to the market that there are sales this year. Last year new listings were coming to the market in fewer numbers and there was a bit of a crunch last spring. Inventory recovered as sellers learned there my be a seller’s market but that was short lived and the market is on pace for sustained growth in 2014.
Don’t Kick Yourself In 2015
Mortgage rates are on the incline and fortunately at a slow pace. The issue is that rates will never again be as low as they were but we can still enjoy the lowest rates in our lifetime. Look at the difference of how rates have reacted over the last 52 weeks vs the last 52 years.
First Time Home Buyers Have The Advantage
With rates as low as they are, homes are more affordable today than going forward. First time buyers are reaping the benefits of mortgage rates. They may not be buying their dream home but they are building equity fast with an entry level home that they can use as a stepping stone to the bigger or newer home in the future. Stop lining your landlord’s pockets and search for your new home here => Search NH Homes For Sale
Your Experienced Agent can help you succeed with your real estate goals.