Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
Jay HinrichsPoster
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 63,628
- Votes |
- 43,087
- Posts
Suspension of the 7% rule for FAnnie Freddie is HUGE
Jay HinrichsPoster
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Read this morning that through intense lobbying by the mortgage industry ( some one got through to someone to talk sense into them)
the govmit suspending the 7% rule this should put some downward pressure on Investor and second home interest rates.. Or at least I would think so.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners
Most Popular Reply
My rate dropped from 4.75 to 3.99, according to my loan officer, due to this change. Background so the numbers have meaning - Conservatively approved to 400k, FICO 800, clean history, 20% down payment on non owner-occupied investment property, 30 yr fixed conventional loan. Got pre-approved 10 days ago quoted 4.75, notified of the better rate and the reasoning on Wednesday.