11/27/2018
The Fed Did not Raise Interest Rates Today
Ten Year Yields
Yield Spreads
Mortgage Rates
News
Today Jay Powell did not raise rates!!
Meanwhile President Trump is not happy with the Fed
LOAN Limits Dollar Amounts Increase
FHFA, the regulator of Fannie and Freddie, announced today
that the standard conforming loan limit will increase from 453,100 to 484,350
for 2019. The new ceiling for High-cost area limits will be $726,525
(which is 150% of 484,350). Fannie and Freddie will release the full
report on high cost area loan limits that are in between the stand limit and the
ceiling soon. Both Fannie Mae and Freddie Mac are still government loans, but dollar increase is helpful in high cost areas
The limits for Fannie and Freddie are typically based on
acquisition date, meaning that we will likely be able to close at the new
limits towards the latter part of December as long as we don’t sell the loans
to them until after 1/1/2019. We will announce the soonest closing dates
for the new limits once our loan origination system vendor implements the
changes and Fannie and Freddie give guidance on their automated underwriting
engines.
We are still waiting on FHA to update their limits, so stay
tuned for further updates. I expect FHA to increase as well
11/17/2018
Thanksgiving
Couple years back Thanksgiving at my house
more photos here:
https://photos.app.goo.gl/2ETfznxkCDxNMP2n7
more photos here:
https://photos.app.goo.gl/2ETfznxkCDxNMP2n7
11/15/2018
Translate mortgage into Chinese, Vietnamese, Korean, Spanish or Filipino
Mortgage translation links
- English
- Español (Spanish)
- 中文 (Mandarin, Chinese)
- Tiếng Việt (Vietnamese)
- 한국어 (Korean)
- Tagalog (Filipino)
Happy Thanksgiving
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