Key Mortgage Corporation

The Federal Housing Financing Agency (FHFA) has recently announced that it has increased the loan limits for Conventional Mortgages purchased by Fannie Mae and Freddie Mac. The new limit for 1 Unit properties has increased to $424,100.00. This represents the first time the loan limits have been increased since 2006 and is a further sign […]

The rise of US house prices rose in the second quarter of 2016 but gains in each month were at a slower pace. The FHFA data showed a 1.2 percent rise in prices compared to the previous quarter and a 5.6 percent rise compared to the second quarter of 2015. This is actually considered good […]

Due to the recent decline in oil prices in conjunction with overall Global Weakening, Mortgage Rates have been falling since the beginning of this year. They are quickly approaching the all time lows that were last seen back in 2012. So, whether you are considering purchasing a new home or refinancing your existing one, now […]

If you have served in any of the 5 military branches of the US Armed Forces, you are likely eligible for a VA Home Loan. This program is one of the most beneficial home financing options available. With more lenient underwriting guidelines coupled with higher qualifying levels, VA Home Loans are a great tool to […]

Mortgage Rates fell lower last week at the quickest pace of the year today as oil prices and stocks continued to suffer heavy losses. Due to this, demand for bonds has increased thereby causing home mortgage rates to fall to their lowest levels seen since April 2015. If you are thinking of purchasing or refinancing […]

Mortgage Lenders continue to report that they have eased and expect to continue easing their credit standards, according to Fannie Mae’s fourth quarter 2015 Mortgage Lender Sentiment Survey. This is a consistent trend from throughout 2015 and it is felt that thoughtful easing of credit standards will improve homeownership affordablity throughout 2016. Thus continuing to […]

Homeownership has been delayed but not forgotten. According to the ACS (Census Bureau’s American Community Survey), while homeownership for persons aged 25-34 is still declining, the rate is slowing greatly and the trend looks poised for a complete reversal. With mortgage rates still at all time historic lows, many millenials are deciding to make the […]

Home prices remain on the upswing through the first half of 2014. While the rate of appreciation seems to have slowed somewhat from last years’ levels, home values continue to rise at a stable and consistent level. This has helped countless homeowners go “above water” (owing less than the homes value) for the first time […]

Mortgage Rates moved lower again today after an especially weak report on Retail Sales. Mortgage Rates are now at their lowest levels seen thus far in 2014. With an improving employment outlook combined with lowering Mortgage Rates, it is a great time to purchase another home or consider looking to refinance to a lower rate […]

Mortgage Rates have fallen as the Spring Home-Buying season has begun! This week, Freddie Mac has indicated that the average 30 Year Fixed Rate Loan was at 4.27%. This is the lowest level for this year which was also seen during the first week of February. This weeks average for a 15 Year Fixed Rate […]