Latest Articles

Credit Score: What makes up your FICO score

Your credit score can mean the difference between qualifying for a home loan or being denied.  Even more so, it can impact the interest rate you might qualify to receive.  So, what makes up your credit score? Your FICO score is a three-digit number generated by a mathematical algorithm using your prior payment history as a benchmark, […]

Rate Increase by Fed of 0.25%

What does Fed Rate Increase Mean for Mortgage Rates? Not much now. This week saw the first rate increase by the Federal Reserve, as they raised their key interest rate by a quarter point for the first time since 2018. The US Federal Reserve central bank sets the Fed Funds Rate, which is the rate […]

New Conforming Loan Limits for 2022

Each year, the Federal Housing Finance Agency (FHFA) evaluates conforming loan limits and makes adjustments to account for the increase in home values. The “conforming” loan limit (CLL) is the highest loan amount for mortgages to be acquired by Fannie Mae and Freddie Mac. Simply put, this confirming loan amount keeps borrowers out of a […]