by Anthony | Apr 23, 2020 | Uncategorized
Change. That is what we are preparing for in the coming months. One big change is JPMorgan Chase’s decision to suspend offering HELOC to new customers. Also, Fannie Mae is projecting a decrease in the number of homes sold in 2020, but they are expecting a...
by Anthony | Apr 22, 2020 | Uncategorized
On an annual comparative basis, March’s sales of existing homes increased by 0.8%, which considering the impact of the COVID pandemic, is positive. March’s seasonally adjusted annual rate increased from 5.23 million to 5.27 million in 2020. According to the National...
by Anthony | Apr 21, 2020 | Uncategorized
The average national rent rose to $1,468 in February, representing a 3.2% increase from the same time last year. Areas that have seen the highest increases in rent also reflect movements concomitant with the average price of a home sale. As expected, Seattle’s...
by Anthony | Apr 20, 2020 | Uncategorized
Initially, JPMorgan Chase announced that they were increasing their lending standards for home mortgage borrowers. The new threshold would require at least a 20% down payment and a FICO score of minimum 700. This might appear to be severe but the average FICO score in...
by Anthony | Apr 17, 2020 | Uncategorized
First of all, not all debt is calculated equally. There is standard credit card debt, and then student debt, auto loans and home mortgages. They aren’t viewed the same way by the credit agencies. A recent article reported that the average amount carried on a credit...
