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Mortgage and Lending - CMG Home Loans - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
 Let's face it, we have become complacent with today's LOW rates.  In reality interest rates have been climbing slightly this year and most likely will continue to do so.The wildcard is of course COVID.  This has causes some artificial and unpredictable moves in the credit markets.  In reality- a...
Home Price Appreciation Hits Another Record HighThe Case-Shiller Home Price Index, considered the “gold standard” for appreciation, showed home prices rose 1.6% in July and 20% year over year. This annual reading set another record high, beating June’s 18.6% record.The Federal Housing Finance Age...
 MORE GOOD NEWS FOR OUR BUYERSOn January 14, 2021, the Federal Housing Finance Agency (i.e., Fannie and Freddie’s regulator) announced several new restrictions on loans that could be purchased by Fannie and Freddie.  These restrictions severely limited the GSE’s purchases of 2nd home and investme...
If you are reading this you know I am a mortgage guy with a few days experience in the industry... so I'll admit I am Pro Mortgage (after all, I have to eat too!)   This blog is coming from my own personal experience buying a home myself this year, and watching my clients buy and sell not just th...
Federal Housing Financing Agency Eliminates Adverse Market Charge for RefisThe FHFA oversees Fannie and Freddie and has made some very unpopular moves the past year that increased the costs of a lot of mortgages for home buyers and home owners.  Thankfully they eliminated this charge.This is a VE...
 In a previous post I discussed the effects on Second homes and Investment property. The Preferred Stock Purchase Agreement (PSPA), recently executed and effective immediately, impacted the percentage of second homes and investment properties the GSE’s  (FNMA and FHLMC) are permitted to purchase ...
There has been entirely too much talk of a housing bubble. This is an entirely different market than we ever had before, I lived through the previous 2 bubble pops and the data just is not hinting at a pop at all and here is why: Check out this video:
Here is an update to my previous post Via my own talking head.  Check out this video:  in case the above link doesn't work:    Call me for all your residential ...
         Rates are climbing for both Investment and Vacation Home MortgagesEarlier this month both Fannie and Freddie announced new limits on loans secured by second homes (vacation properties) and Investment properties. The Treasury Department along with the Federal Housing Finance Agency (FHFA)...
After decades in this industry I am still surprised at what happens. Yesterday was a doozy...  Standing at my desk yesterday morning (I'm cool like that, I have a fancy standing desk....)  I get an email from an agent I know, but do not do a lot of business with.. "Fully executed contracts for yo...

Robert Rauf

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The mortgage market is ever changing, do not be afraid to ask what is new!