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Entries for the ‘Economic News’ Category

Conforming Loan Limit Increase

As you may have heard, the Federal Housing Finance Agency (FHFA) made the announcement that 2017 conforming loan limit for mortgages acquired by Fannie Mae and Freddie Mac will be increased nationwide from $417,000 to $424,100. The new loan limits will be effective on January 1, 2017. This is the first time that the maximum […]

Here Are The Federal Reserve Meeting Minutes For 2015

Release Date: January 28, 2015 For immediate release Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace.  Labor market conditions have improved further, with strong job gains and a lower unemployment rate.  On balance, a range of labor market indicators suggests that […]

Mortgage Rates Up only Slightly from 2014 Lows

Mortgage rates stayed near their 2014 lows despite rising slightly, according to  the Freddie Mac Primary Mortgage Market Survey released Wednesday. The interest rate rises came following a week of mixed economic releases, Freddie Mac’s vice president and chief economist Frank Nothaft said in a press release. “Existing home sales were down 6.1% in November […]