The difference between good and great, is a little extra effort.
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The Holly Walther Lending Team is #1 for the 4th straight year at Success Mortgage Partners!
WOW! What an honor this has been. We are celebrating (a bit differently this year) for reaching such an amazing milestone. Thank you so much for all the love and support! We appreciate you - our partners, clients, friends, and families for supporting us in being #1 in the company for the 4th year in a row.
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Friend:
The holiday rush has arrived and 2021 is just around the corner. We’ve all made adjustments and have learned to embrace change. While questions and uncertainty still remain, industry experts reiterate that the current state of the market has no comparison to the previous economic downturns. It has more to do with the results of the pandemic itself versus the overall economy. More people are at home, therefore the home has become more important. Real Estate and Mortgage companies have maintained business at exceptional levels. The industry is expected to see similar trends with new enhanced systems. Overall, we’ve learned that at the core of the industry, there is one major essential: everyone needs a home.
The FHA and the FHFA both announced an increase in limits. The new limits provides a larger group of borrowers more ceiling room to buy a home with a conforming loan. If you are buying or selling in the next year, see more information below on how you can take advantage of this great news!
My team and I remain confident in providing you the best services as we transition to a new year. If you have any questions about, reach out and I’d be happy to discuss further.
Holly
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May you be blessed this holiday season.
From my family, to yours.
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The Federal Housing Administration (FHA) announced this month loan limits are increasing for 2021 📈 Atlanta Metro is a high-cost area and its ceiling will jump to $412,850. 👉🏼 Given massive year-over-year gains in home prices, we will see the increase in most of the U.S. counties to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. This announcement quickly followed the Federal Housing Finance Agency (FHFA) news of increasing limits for conforming loan limits to $548,250 - almost 7.5 percent from the gain at the beginning of this year.
Reach out if you have any questions!
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Watch the video for more information!
Fun Fact Friday: New FHA Loan Limits
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EVERYONE HAS A STORY! This is OUR TEAM and OUR PASSIONS.
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Find Little Miss Daisy at one of our favorite local businesses and get a huge incentive! Check back each month to learn where Daisy is hiding.
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December 2020 - Christmas Confetti
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The experts behind an amazing Winter Wonderland right here in Atlanta! Christmas Confetti is the best place to find your holiday decor. With over 300 ornaments, 200 different styles, ranging in 12 different colors, Christmas Confetti create your FAVORITE Christmas experience. Receive a special 25% OFF in the store when you mention: "Where's Daisy?"
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Experts Predict the Sustainability of Real Estate Market for 2021
A recent Fortune Magazine article reviews the pandemic-driven trends of the housing and mortgage industries while providing insight for the new year. Many industry professionals are doing the same as they close out a wild year and prepare for what’s to come. It all seems to boil down to one topic: sustainability. How can the market persist from the highs and lows of 2020? Experts weigh in on what was learned, what’s to change, and what’s predicted for 2021.
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The FHFA and FHA Set New Increasing Loan Limits for 2021
With the rising home values and home prices, the Federal Housing Finance Agency announced that loan limits will increase in 2021. Starting first of January, the new baseline will increase from $510,400 to $548,250 for conforming loan limits on one-unit properties. High-cost areas will increase to $822,375, or 150 percent of the new baseline. Similar to last year, the Federal Housing Agency (FHA) followed close behind and announced that the 2021 loan limit is increasing by almost $25,000. Why is this good news for you? Read more.
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Sustainability for the Real Estate Market in 2021
December 2020 Real Estate and Mortgage Trends
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If you have questions, give us a call and we can explain what these rates means for your current mortgage or future purchases.
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Freddie Mac |
30 Yr. Fixed |
2.71% |
0.70 |
-0.01 |
15 Yr. Fixed |
2.26% |
0.60 |
-0.02 |
1 Yr. ARM |
2.68% |
0.20 |
+0.01 |
5/1 Yr. ARM |
2.86% |
0.30 |
-0.30 |
*Mortgage Rates change often and vary from person to person.
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