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Mortgage Outlook for Week of December 12, 2011

Mortgage rates continue a push downward early this week, challenging the all time historic lows set a few months ago. This week mortgage rate movement will be based on a few key pieces of data being released, any worthy news coming out of the FOMC meeting that begins tomorrow and any new news coming out […]

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Mortgage Outlook for the Week of December 5, 2011

This week starts off with a couple pieces of economic data relating to factory orders and manufacturing that are going to be released this morning. The rest of the week is rather light on economic data with Jobless Claims data being released on Thursday and International Trade / Consumer Sentiment data being released on Friday. […]

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Conforming Loan Limits for 2012 Announced

2012 conforming loan limits have been announced by the Federal Housing Finance Agency (FHFA) for mortgages owned by Fannie Mae and Freddie Mac. Conforming loan limits are the maximum loan sizes that Fannie Mae or Freddie Mac will purchase and or guarantee. Mortgages that exceed the conforming loan limit are called jumbo loans / mortgages […]

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Mortgage Outlook for Week of November 28, 2011

Last week mortgage rates worsened slightly on light trading due to the shortened Holiday schedule. This week mortgage rates may be largely influenced by the events in Europe as they have been in the weeks and months of late. We will likely see mortgage rates increase on good news affecting events in Europe and mortgage […]

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Happy Thanksgiving from Our Family to Yours

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Mortgage Outlook for Week of November 21, 2011

Mortgage rates opened the week lower as European concerns continue with Spain and Italy becoming new areas of focus. The market is also concerned over the progress of the Congressional Super Committee or lack thereof. Since this is a shortened week for the Thanksgiving Holiday, it’s hard to know what is in store for mortgage […]

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Temporary High Loan Limits Extended Today

Congress and President Obama approved a measure today to raise the high cost loan limit for FHA loans from $625,5000 to its previous ceiling of $729,750. This means that homeowners in high cost areas can once again be eligible for larger size loans and enabling them to purchase homes while not having to bring in […]

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HARP 2.0 (Home Affordable Refinance Program) Update

Fannie Mae and Freddie Mac and have released new information about updates to the HARP 2.0 (Home Affordable Refinance Program). This is an update to the original HARP program that was introduced in 2009 and intended to help homeowners with Fannie Mae or Freddie Mac mortgages refinance their loans to the current low market rates even if […]

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Mortgage Outlook for Week of November 14, 2011

We start the week with two of the major concerns that have weighed on the market in past weeks coming to a resolution with Greece and Italy both appointing new Prime Ministers. The market did not have confidence that the previous leadership of these countries would be helpful or even willing to participate in the […]

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Mortgage Outlook for the Week Ending November 11, 2011

This week saw mortgage rates revisit near record all time lows as the market dealt with concerns of a European debt default. This time it was Italy in the crosshairs as Italian Prime Minister Berlusconi agreed to resign. The market is likely to look favorably to a resolution in the Italian drama, but some analysts still have […]

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