Real Estate Round Up 8/8/2019
Foreign Purchases Of U.S. Homes Have Fallen 36%
Niall McCarthy, Forbes.com
...the dollar value of homes purchased by foreigners plummeted 36% between April 2018 and March 2019.
Trump Administration Reducing the Size of Loans People Can Get Through FHA Cash-Out Refinancing
Jacob Passy, realtor.com
Starting Sept. 1, the Federal Housing Administration will limit the loan amounts for cash-out refinancings to 80% of the home’s value or less.
Housing Market Check-In: 6 Expert Predictions For The Second Half Of 2019
Aly J. Yale, Forbes.com
Fannie Mae, Freddie Mac and the Mortgage Bankers Association all predict the 30-year, fixed-rate mortgage rate will finish out the year between 3.9% and 4.1%—lower than 2018's full-year average of 4.54%.