New mortgage rate relief may not fit all buyers
New lending standards from Fannie Mae raise qualifying hurdles for refinancings and new loans. Buyers face higher effective rates, with 7 percent assumed for repayment and a potential 2 percentage point surcharge if down payments are under 25 percent, excluding many families from financing despite lower advertised rates.
MENTIONED IN THIS ARTICLE
New York
Federal National Mortgage Association
FNMA
Fannie Mae
Frederick County Property Transfers Highlight Local Deals
North American Housing Corp II transfers to Barron Homes Inc for Lot 8 at Potomac Station Buckeystown priced 52900. Lot 10 Buckeystown sells for 49900. Kingsbrook Limited Partnership transfers to Lowell and Regency Homes Limited Partnership for Lot 41 in Kingsbrook Henden Wood Kingsbrook Drive at Corporate Drive Frederick priced 61000. Lovell Regency Homes Limited Partnership sells to Robert H Jr and Carol L Read at 2010 Spring Meadow Circle Frederick for 239485. Transfer to Gary Douglas and Karmen Melissa Koenigham at 6916 Sovereign Place Frederick for 197730. Kurt and Brenda Yankaskas sell to Timothy Orrion and Jody R Robinson at 1610 Wise Road Point of Rocks for 136000.
MENTIONED IN THIS ARTICLE
North American Housing Corp. II
Barron Homes Inc
Potomac Station
Buckeystown
Kingsbrook Limited
Lowell
Regency Homes Limited Partnership
Kingsbrook
Henden Wood
Kingsbrook Drive
Corporate Drive
Frederick
Lovell-Regency Homes
Robert H. Jr
Carol L. Read
Spring Meadow Circle
Kurt
Brenda Yankaskas
Timothy Orrion
Jody R. Robinson
Wise Road
Point of Rocks
Also Mentioned on This Page
Federal Reserve
HSH Associates
Butler
N.J
HSH
RE/MAX Realty
Gloria
Roland
Frederick County
Revious
GRI
Graduate Realtors Institute
J. Roland Castle
Gloria J. Castle
CRS
REME
Realty
Copperfield
Jefferson
Ausherman Homes
Brokers
Ander
Hefferson
Wsparers
Owna
Mare
Roland & Gloria Castle
P&a & Well
Maxrealtyplus
Dale
Mitchell
RV Efe
John Woodward
Cloverhill
Frederik
FRS
Myr
Mary
Conch
Rt 15
Rosemont Ave
Rosemont
Clavet Buh
Night Custom Home Center
Immediatel
Leste
Ree
Ausherman
Rederick County
Builder OF
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