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Entries for the ‘Misc Mortgage Information’ 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 […]

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 […]

New HARP 3.0 May HELP More Borrowers

Here is the latest news from Your Denver Mortgage Guy, Dave Beckmann A third HARP 3.0-like mortgage bill has been introduced in Congress. Following the failed Responsible Homeowner Refinancing Act of 2012, Senators Robert Menendez and Barbara Boxer have re-drafted their landmark refinance bill meant to help underwater U.S. homeowners get access to today’s low […]