Conforming Loan Limits Drop In High-Cost Areas

For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent. Effective October 1, 2011, the temporary mortgage loan limits that allowed for non-jumbo loan sizes of up to $729,750 are no longer. $729,750 is above the “normal” loan limit of...

Mortgage Rates Bounce Off All-Time Lows; The Start Of A Trend?

Low mortgage rates are terrific — if you can get them. One week after posting its lowest mortgage rate in 50 years, Freddie Mac reports that the 30-year fixed rate mortgage rose by an average of 7 basis points nationwide this week to 4.22%. To get the rate, you’ll pay an average of 0.7...

Washington State Mortgage Rates This Week : August 22, 2011

Mortgage markets improved again last week, pushing mortgage rates in Washington to an all-time low; lower than the lows set last November, even. Last week’s low mortgage rate drivers are primarily European. Joining the debt concerns that have dogged Europe since March, a fresh wave of doubt has...

What’s Ahead For Mortgage Rates This Week : February 28, 2011

Mortgage markets improved last week as Wall Street’s concerns about the Middle East trumped its fears of inflation. Conforming and FHA mortgage rates in Washington fell to a 3-week low. Last week marked the second straight week in which mortgage rates fell, a streak that follows four straight weeks of...

Mortgage Rates Return To April 2010 Levels

Mortgage rates are surging. Over the last 7 days, conventional, 30-year fixed rate mortgage rates have jumped 24 basis points, or 0.24%, according to Freddie Mac‘s weekly Primary Mortgage Market Survey. It’s the largest 1-week spike in mortgage rates in recent history. The 30-year fixed rate...