The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30-basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage. The premium will be reduced from 0.85% to 0.55% for most homebuyers seeking an FHA-insured mortgage, which could mean an … Continue reading News from HUD: Reduction in annual mortgage insurance premium
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Info for potential home buyers- a must-read article
Their Offer Was Accepted. The Only Problem—The House Wasn’t For SaleOne real-estate agent almost got scammed, while another broker discovered his client murdered someone in the house he was trying to sell Read in The Wall Street Journal: https://apple.news/ABdR75z8LQXaJHw8ypIAmFg
New Client Review!
"Beth is very professional and efficient. I am grateful that my daughter recommended this real estate attorney, and I will highly recommend her to all my friends and family. Thank you very much for all your help and a smooth closing." Check out more reviews on our website, and on Google!
New Client Review!
"I've purchased/sold quite a few homes, worked with various attorney's, Beth and her team are beyond amazing. I was first impressed when I observed her while helping a friend with their purchase and she represented the seller. I saved her contact and made a note to myself, that Beth will be my attorney.Beth and her … Continue reading New Client Review!
Forecast
The median price forecast indicates positive annual growth for July, August, and Septemberin both Illinois and the Chicago PMSA. In Illinois, the median price is forecast to change by8.6% in July, 9.8% in August, and 10.3% in September. For the Chicago PMSA, thecomparable figures are 9.5% in July, 11.8% in August, and 12.7% in September. … Continue reading Forecast
Interest rates and federal student loans
Federal student loan rates are fixed, so most borrowers won't be affected by a rate hike. But if you are borrowing money for college, the interest rate on federal student loans already rose to 4.99% up from 3.73% last year and 2.75% in 2020-2021.
Interest rates and commodities
Interest rate risings affect all types of commodities.Even though auto loans are fixed, car prices are rising along with interest rates on new loans.Paying an APR of 5% instead of 4% would cost consumers $1324 more in interest over the course ofa $40k /72 mo loan.
New Client Review!
"Beth and her team were fast and worked for us to make sure all went smoothly. I would highly recommend her to anyone." - William C. Read more reviews on our website!
New Client Review!
"My closing was assigned to a local attorney, who put the sale of my home and the purchase of another home in jeopardy! Beth Mann and her staff successfully took over the case and I was able to purchase my new home." - S.C.
New Five Star Review!
"I'm very satisfied after working with Beth. Everyone at the office is very nice and responsive. I've never waited more than a few minutes for a response to any email, which is unheard of. I would work with Beth on a real estate deal again in a heartbeat, and probably will in the future." - … Continue reading New Five Star Review!
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