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2025 Real Estate & Mortgage Rate/Market Forecast
Our 2025 Forecast is live — we break down the data to give you an idea of where things are likely to go. Home prices, interest rates, and what the Fed is likely to do in the coming year are all included. Some things we’re keeping an eye on that could blow up our forecast?…
Read MoreHousing Days On Market – Moving On Up?
“Days on market”, or DOM, is a trending topic in the real estate community as the number of days listed homes sit before finding (or not!) a buyer has climbed. Housing pessimists like to use this stat to scream “the sky is falling!” and using it as evidence of the pending housing crash…which most of…
Read MoreIs Housing Inventory Too High? Or Too Low?
Is housing inventory too high? Is it too low? Is it a good time to buy? A bad time? Are you planning to buy a home in 2025, but on the fence about whether it’s a good idea? The housing market is, in a word, confusing. The answers to these questions are pretty varied, depending…
Read MoreConventional Loan Limits for 2025
FHFA releases 2025 Conventional Loan Limits The Federal Housing Finance Agency (FHFA) has released conforming loan limits to be used for the calendar year 2025. Across the US, loan limits for conventional loans will increase to $806,500, and in markets considered “High cost” by FHFA, those limits will increase to $1,209,750. This is important for…
Read MoreWorking With Our Team
Thank you for considering John Meussner & the JM Loans team for your mortgage needs – our team is ranked #1 in customer satisfaction amongst mortgage companies in our home town, but operates in many states across the US! Wherever you are located, you’ll get the same great professional experience and award-winning loan process. Our team…
Read More2024 Real Estate & Mortgage Rate Forecast
2024 should be a great year for housing, a good year for real estate & mortgage professionals, and a competitive market that brings sellers strong offers. Though the competitive landscape will be tough for buyers, patience and a strong support team will be vital to help buyers get offers accepted, and those who buy should…
Read More2024 Mortgage Loan Limits
Mortgage loan limits have been announced for both conventional mortgage loans (Fannie Mae & Freddie Mac), as well as for FHA loans. Each year, maximum loan limits are established for these programs based on median home prices. For 2024, loan limits have been increased across the board for the majority of areas, with a small…
Read MoreMortgage Refinance VS Recast
When it comes to restructuring a mortgage loan, borrowers have 2 (non-modification/delinquency related) options – a refinance or a recast. We often get calls about mortgage refinancing from people who want to pay down their loan balance to get a lower monthly payment. In many cases, these inquiries are better served by a mortgage recast.…
Read MoreHow To Get Rid of PMI (Mortgage Insurance)
How To Get Rid of PMI When buying a home with less than 20% down, home owners run into PMI, or private mortgage insurance. While mortgage insurance can be paid in various ways, from a split premium to “lender paid” (lender paid PMI results in a higher interest rate), the most common form of…
Read MoreRecently Closed – Buying a Home in Baltimore, MD
A few weeks ago, one of our favorite (and best) Realtor partners in the country, Margaret Rome, reached out to tell us about a home buyer that needed help with a preapproval and purchase mortgage for his first home in Baltimore. A recent graduate, our customer was moving across country from Minnesota to Baltimore, MD,…
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