It is important for Florida Home buyers to know that Florida FHA loan limits are going down for 2009.  For 2008 Seminole County loan limits, it is a HUGE drop.  The new loan limits per county are as follows: MSA Name MSA Code Division County Name County Code State One-Family Two-Family Three-Family Four-Family Last Revised [...]

Foreclosure – especially in Florida is a hot topic among the press lately and it is interesting to see a staggering number of the sales in today’s market are comprised of foreclosures and/or short sales… especially in South Florida.  It’s hard to turn on the TV or open up a paper without seeing a sensationalized [...]

How come everything in Orlando gets cheaper when everyone is worried about their job and don’t want to spend any money!! Okay, so it is a rhetorical question and the answer is somewhat obvious, but how cool would that be if, everything got cheaper and you just got a raise!? I feel your pain. Well, [...]

SO how are the evil mortgage products doing?  Huh, they may actually be better than the fixed products?  Maybe they aren’t evil after all… just different. It is true that some of the wrong people got bad advice from some neophyte mortgage ‘professional’, but the good news is that those folks are back waiting tables. [...]

Conforming mortgage guidelines are the Home Loan Rule Book for Longwood real estate, Lake Mary real estate… and well… pretty much anywhere these days. This Orlando Home Loan ‘Rule Book’ helps in delineating between applicants that get approved for an Orlando mortgage and those that do not. Well, the rule book just got a little [...]

By Michael Dale – Vice President, Dave Brewer Realty, Inc. Wow, given the recent dramatic economic events where do I begin; the stock market, the mortgage market, the secondary mortgage market as represented by Fannie Mae and Freddie Mac? Each of the aforementioned have so overwhelmingly impacted our economy let alone our housing market. Many [...]

Okay… I am going to say the “N” word… when the government Nationalized the mortgage biz in September, housing analysts predicted lower mortgage rates. [Raising my hand in the back of the room...] When has government EVER been able to do something better than the Private Sector??? Well…they were right… it did lower rates… for [...]

Do they go to a special school to ‘speak FED’??? Good Lord, fellas… we gotta be able to understand this stuff to be able to respond appropriately… or is that not what you want? LMAO Well, the Federal Open Market Committee voted to cut the Fed Funds Rate by .5% today. The benchmark rate now [...]

NEWS FLASH: THE MAINSTREAM MEDIA is not your friend. Okay, maybe the subject of this Orlando Mortgage Blog Post is a little extreme, but it does prove my point. Sensational sells. Unfortunately, truth doesn’t always carry the same punch if it is not. Despite turmoil on Wall Street, despite the drum beat of doom from [...]

Mortgage markets bucked the curve last week and decided to be, well, volatile!  At least there was a change, huh?  Good Grief. After opening with a solid performance that drove rates down, mid and late-week fears of a global recession reversed that path as Mortgage-backed securities broke back below the 200 day moving average…that is [...]