Mortgage rates are forecasted to increase 0.25%. Talk is it is coming as soon as the middle of February. The government is requiring Fannie Mae and Freddie Mac to fund the Temporary Payroll Tax Cut Continuation Act of 2011. However, part of the legislation contains an offset provision that requires Fannie and Freddie to increase certain fees associated with delivery and security of conventional loans. It is just fancy wording that these two organizaitons will be charging an extra 0.05% for each conventional loan they secure in the secondary market. Fannie and Freddie know that banks ultimately need them to replinish their cash , all banks will be increasing their fees as well by the same 0.05%. Example: A $200,000 would expect an $1000 in up-fees or choose a higher interest rate so that the bank can cover the cost for you. Consumers will see either higher interest rates or an increase in fees to obtain conventional mortgage financing in the near future. There is still good news...mortgage rates are still incredibly low! Now is the time to BUY BUY BUY real estate!
Author:JP Piccinini Phone: 480-980-9025 Dated: January 19th 2012 Views: 3,200 About JP: JP Piccinini is CEO and Founder of JP and Associates REALTORS (JPAR), Founder and CEO ofOdasi Real E...
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: firstname.lastname@example.org
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
Don’t think you have the money to invest in real estate? Your IRA co
""From my experience, purchasing a home requires a realtor with patience and understanding of the buyer's specific needs. Mindy treated my family and me with great patience and took the time to help us find a home quickly in our desired neighborhood. We only had one day to look, so she squeezed in a full day of house hunting to meet our demanding schedule. Thank you for helping us find an awesome house!""