Lee Tessier Team Blog - Blog Archive: February, 2015

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February 2015

There are 1 blog entries for February 2015.

This year we're going to see some significant changes in real estate financing, all of which could impact your buying power. These changes could greatly impact your Baltimore or Harford real estate transaction, so I'd like to share and explain to you what is going on and how these changes may begin to affect you. I've outlined a few below, but always feel free to reach out to me with further questions - these changes can sometimes be complicated.  

  • FHA has Reduced their PMI by 0.5% on a Monthly Basis: This means that on a $200K home you could expect to pay about $80 less per month, which increases affordability with interest rates now falling in the low 3% range. However, rates could jump to 5% by the end of the year, which gives buyers
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