My New Blog

 Here are some upcoming changes to ruin the real estate recovery we've been enjoying:

1)  The feds are set to stop buying Mortgage Backed Securities at the end of March!  They had spent 1.4 trillion dollars buying these securities by the end of 2009.  Since no one else has an interest in buying MBS's, it's almost a fact that interest rates will rise. At a recent economic conference, the fed's did word things in such a way that suggests that they will be watching for interest rate increases.

2)  Fannie and Freddie have now made a woman's income unusable if they are on maternity leave.  Supposedly, they don't believe that the woman will return to work once they give birth!  Sounds like major discrimination to me!

3)  The $8000 tax credit will expire for people that don't go under contract by the end of April.

4)  Starting April 5th, FHA loans will have the upfront mortgage insurance premium raised from 1.75% to 2.25%

See you next time!

Kemper Lewis / Certified Mortgage Lender

720-434-3943

klewis@denverhomeloans.com