Over the past month, some lenders have rushed to fund loans with a higher conforming loan amount in advance of the actual official release from the Federal Housing Finance Agency (FHFA). The preliminary $625,000 loan amount was shy by a fair amount. Obviously, the lenders were being conservative ... » Learn More about Newly Released Conforming Loan Limits For 2022
Mortgage Rates
Mortgage Rates History Over Last 90 Days Based on Loan Program November 16 2021
Mortgage rates have been trickling higher since the Federal Reserve indicated that they'll be starting the tapering of their purchase of mortgage-backed securities and long duration notes this month by $15B a month. The chart showing the impact of the loan to value and credit score reflect higher ... » Learn More about Mortgage Rates History Over Last 90 Days Based on Loan Program November 16 2021
San Fernando Valley Single Family Dwelling Income to Loan Guide October 2021
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about San Fernando Valley Single Family Dwelling Income to Loan Guide October 2021
What the Higher Conforming Loan Limits Means For New Mortgages
Some of my wholesale lenders are being aggressive and funding conforming loans on a higher conforming maximum loan limit of $625,000 for a one-unit property, which is $75,000 above the current FHFA limit of $548,000.The new limits generally are released for Freddie and Fannie loans by the Federal ... » Learn More about What the Higher Conforming Loan Limits Means For New Mortgages
The Fed Preps Us For Rate Increases
After their September 22nd meeting, the Federal Reserve left the Fed Funds Rate at 0-.25%, and the quantity of Bond and Mortgage Securities purchases intact at $120B per month... But they signaled that they feel comfortable scaling back on their bond purchases by the end of the year. The bond and ... » Learn More about The Fed Preps Us For Rate Increases