Licata Mortgage

Breaking News💯 Fannie Mae and Freddie Mac just announced that seller contributed buyers agent commissions will not be included in the normal seller concessions limit. This is major!!!

GSEs will not count buyer agent commissions as IPCs - HousingWire GSEs clarify that they will not count buyer’s agent commissions as part of the allowable interested party contributions.

Finally, some decent news from the Federal Reserve meeting this week. Nine FED members have agreed we should have three rate cuts in 2024 totaling 75 basis points or .75%. This will lead to lower mortgage rates, which the industry has been anticipating for a while. When rates move lower, I predict home values will rise due to homes being more affordable and more buyers entering the market. With lower rates on the horizon and the impact of the NAR settlement going into effect in July. I advise anyone sitting on the fence to buy now. Come July a buyer will have to find a way to cover their agent’s commission. The days of the seller being required to cover it are over due to the NAR settlement. When rates drop you can refinance at a lower rate. A refinance is a simple transaction. You should buy now, instead of buying the same house at a higher value soon. Buying now you will create equity / net worth. Buying later you will be contributing to someone else’s net worth. Contact me at [email protected] for a free consultation.

⭐⭐⭐Testimonial Tuesday ⭐⭐⭐ I don't post much. I only post when a review describes exactly what I achieve to provide all my clients. This is what my team and I will always provide.

Testimonial Tuesday ⭐⭐⭐ My team will always go the extra mile to take care of our clients. Our main goal will always be to take care of our clients first and I have their best interests at heart♥️ For anyone looking to buy, now is the time. Appreciation is still very healthy and rates are starting to fall in the right direction. The mass media might do scare tactics telling you why you should not buy real estate and there's a correction coming. They are wrong💯 When rates fall a little lower, buyers will come out of the floodgates and inventory will not change much. This is economics 101. Prices rise when demand is higher than supply📈

USDA Application to clear to close in 2 days💯