Mortgage Rates could cost you more with new legislation
Lock your interest rates in sooner, rather than later as the Temporary Payroll Tax cut that President Obama signed into law will impact the future of mortgage rates secured by Fannie/Freddie (conventional loans) or insured by FHA. These programs have been choosen to assist in the repayment of the bill. The new law directs the Federal … Read more
Market movers that may impact mortgage rates
Last week there was little economic data in the US that impacted interest rates. Europe was the main focus! This weeks big event will be Tuesday’s Fed meeting. Investors will be watching for hitns of additional stimulus. Events Next Week: Tues 12/13 Fed Meeting Retail Sales 10-year Auction Wed 12/14 30-yr Auction Thur 12/15 PPI … Read more
VA County Limit update 2012
VA loan limits are calculated differently than any other program. VA doe snot impose a maximum amount that an eligible veran may borrowe using a VA-guaranteed loan; however loan limits do establish the maximum guaranty on a loan. The maximum guarnaty amount (available for loans over $144,000.00) is up to 25 % of the 2012 … Read more
Mortgage Market Update
New Fed Programs Help Mortgages last week: Last weeks fed announcement to boost the economy helped mortgage rates hit historic lows mid week. This weeks New Home Sales will be released today, Durable orders will come out on Wednesday, Pending Home Sales on Thursday. Friday could be a big day with Core PCE inflation, Personal … Read more
Mortgage Market Rate update 9.16.2011
Conforming Limits: 1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950 These rates do not reference a specific loan program; rather, they reflect general market conditions, which are subject to change at any time. Credit risk pricing and how it impacts your interest rate/discount points (cost to buy rate down): … Read more
Mortgage Market Rates
Conforming Limits: 1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950 These rates do not reference a specific loan program; rather, they reflect general market conditions, which are subject to change at any time. Credit risk pricing and how it impacts your interest rate/discount points (cost to buy rate down): … Read more
