Phoenix, AZ FHA loan limits in Maricopa County have just increased from $271,050 to $346,250.
This is a great opportunity to purchase a home.
Mortgage Backed Securities reacted negatively to the days new of socialism, by giving up 19bp (30 YR 4.5% FNMA). Lenders released a mid day price increase which hit both FHA and confirming mortgage rates. Once the Subsidy chatter hit the wires, the DOW recouped its losses, while MBS gave up there...
After two solid days of gains MBS took a breather, with the FNMA 30 YR 4.5% ending where it started. Mortgage Rates both FHA and Conforming did show improvement when released this morning, after lenders accepted the fact the past two days improvements were solidified.
The House Financial Services...
The new buzz word in mortgage is a Streamline. As a borrower you have probably seen the ads and have been solicited for a “No Cost Streamline!”. Before you run off and start applying, take time to find out what a Streamline Refinance is and who qualifies to take advantage of a...
With a New Year brings New Guidelines.
Many in response to HR 3221.
This is not the all encompassing list of New Guidelines; just the ones I feel have a major impact on purchase and refinance transactions. (Read all of HR 3221)
Thursday (01/08/09) Fannie and Freddie announced they are extended the...