SOLD! Homebuyers close on new build Olivine at Terramore in Corona
Congratulations to this special couple on the purchase of their brand new Corona home! Joseph, a U.S. Veteran, and his wife, Vanessa, were looking for the perfect place to call home. As a new homebuyer, it’s easy to get priced out of this highly competitive market. Kurt Galitski introduced them to this incredible new development […]
Inflation Hot But Below Expectations
The Fed’s favored measure of inflation, Personal Consumption Expenditures (PCE), showed thatheadline inflation was up 0.4% in May, which was beneath estimates of 0.6%. Year over year, the indexincreased from 3.6% to 3.9%, and while this is the hottest reading in 13 years, it was also beneathexpectations of above 4%. Core PCE, which strips out […]
FHA Loosens Lending for Buyers with Student Loan Debt
The updated policy more closely aligns FHA debt calculation policies with other housing agencies (Fannie Mae/Freddie Mac and VA) to help to ease guidelines for borrowers with student loan debt obligations. The policy updates published on June 17 removes the current requirement that lenders calculate a borrower’s student loan monthly payment of one percent (1%) of the […]
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