Archive of posts tagged expire

Home Closing Timelines Increase, Especially in Distressed Market

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Refinance applications and appraisal complications are holding up home sale closings, according to the Campbell/Inside Mortgage Finance HousingPulse survey released Monday. According to the report, the normal timeline for a closing is about 30 days. However, the recent HousingPulse survey found the timeline to be between 45 and 60 days. The delay is exacerbated among …

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Break on larger loans near end

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Price limits for cheaper rates to expire Oct. 1 The chief economist of the California Association of Realtors says her group is resigned to seeing high-dollar limits on lower-cost “conforming” loans expire on Oct. 1, resulting in greater financing costs for people buying pricier homes. Leslie Appleton-Young said Realtors fought to extend the limit, but …

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New loan limit would hurt home sales

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Unless Congress takes action, the current loan limits will expire on Sept. 30 and the cost of a mortgage could rise significantly, especially in high-cost areas such as California. Making sense of the story More than 30,000 California families could face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan …

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Rising Rates & First-Time Homebuyers Drive November’s Market

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Rising mortgage rates helped push first-time homebuyers to buy properties in November, while investors lost some of their enthusiasm for distressed properties. These are two of the major findings of the latest HousingPulse Tracking Survey released by the market research firm Campbell Surveys Monday. The company found that first-time buyers’ share of home purchases jumped …

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