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Freddie mac

mortgage rates drop due to coronavirus

Mortgage Rates Drop to Second Lowest Level in Three Years

726 481 The Advantage Group

The Coronavirus has caused a great deal of concern not only on the health front, but on the home front as well. The 30-year fixed-rate mortgage averaged 3.51% during the week ending Jan. 30. The average rate on the 30-year mortgage is almost a full percentage point lower now than it was a year ago.¬†The…

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Higher Loan Limits in Effect for 2020

150 150 The Advantage Group

2019 is over and Fannie and Freddie are giving new, larger loans in 2020.¬†Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few weeks ago. This is because each of the loan agencies’ loan limits are higher than they were in 2019. With home prices…

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