Posts Tagged Freddie Mac
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Mortgage Limits and Rates Looking Good!
Congress approved a resolution to extend the higher mortgage amount limits for California and other high cost areas. The existing mortgage amount limits ($729,950 in the highest priced areas) are proposed to be extended through Fiscal Year 2011 (Se
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Mortgage Rates Take Another Tumble
According to Freddie Mac's "Primary Mortgage Market Survey", the average 30 year fixed loan rate dropped to 4.57% with an average fee of 0.7 points. This rate applies to a conforming loan amount of $417,000 or less and to buyers with a credit score
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Higher Conforming Loan Limits Extended Thru 2010!
On October 29th, Congress passed a Resolution to extend the current FHA and GSE conforming home loan limits through 2010, according to a press release issued by the California Association of Realtors. Part of the Housing and Economic Recovery
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Interest Rates Remain Very Low!
The average 30 year fixed rate loan remained under 5% for the second week in a row! According to Freddie Mac, the rate dropped from 4.94% to 4.87% this week. This rate drop, and the current trend of rates dropping, has increased The Mortgage Banker
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Mortgage Rates Fall to Their Lowest Level Since 1971!
Freddie Mac started surveying mortgage rates over 38 years ago. Today, Freddie Mac announced the lowest recorded average 30 year fixed rate since 1971, 4.78%! "Frank Nothaft, Freddie Mac's chief economist, said the low rate means that those who r
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