Mortgage Rate

Mortgage limits have NOT changed (yet)

The compliant loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages below this amount generally have the lowest effective rates and in some cases are easier to obtain. With prices that appreciate quickly over the past year, a sharp increase in the loan limit would be fat …

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Mortgage Rates Cross 3% Threshold – RISMedia |

Mortgage rates broke the 3% threshold for the 30-year Fixed Rate Mortgage (FRM), scoring 3.01% for the week ending September 30. According to the Freddie Mac® Primary Mortgage Market Survey, this is up from 2.88% last week. Mortgage Details:– The 30-year fixed rate mortgage averaged 3.01% with an average of …

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Falling sales of existing homes due to high prices

There’s a reason many potential buyers have struggled to buy a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has driven home prices up to the point that many buyers simply cannot afford them. In August, the median price of a …

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