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Entries Tagged ‘economic news’

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 Hit a 9 Week Low…

The average interest rate on the 30-year fixed-rate mortgage fell to a nine-week low this week following the Federal Reserve’s decision to maintain its $85bn-per-month bond-buying program. The average rate for the 30-year FRM hit 4.32% this week, according to Freddie Mac’s Primary Mortgage Market Survey. That’s down from 4.50% last week, and the lowest […]