Philadelphia Mortgage Update: February 26, 2012
Philadelphia Mortgage Update: February 26, 2012
Here’s this week’s Philadelphia mortgage update and rate sheet compliments of Jason Griesser of Trident Mortgage:
Rates moved very little this week and our jumbo rates slightly improved. All eyes remain on Europe and their “debt crisis.” Here in the US an important event took place recently for the housing industry. There has been a rule that has been proposed to limit seller concessions on FHA transactions. Moving the seller concession lower will restrict a buyer who may have needed a larger amount of their closing costs paid for in negotiations with the seller. Here is a link you can use to submit your comment on this rule that we feel can only hurt the delicate real estate recovery:
http://www.regulations.gov/#!submitComment;D=HUD-2010-0063-0908
Jason can be reached via the contact information below.
Jason F. Griesser, CMB
Sr. Mortgage Consultant
Trident Mortgage Company
Ph: 215-440-2073
Fx: 610-650-5611
[email protected]
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
CenterCityTeam.com: Philadelphia Real Estate
