Recent content by nguyener

FIPS State Code FIPS County Code County Name State CBSA Number One-Unit Two-Unit Three-Unit Four-Unit Limit Limit Limit Limit 6 37 LOS ANGELES COUNTY CA 31080 $1,149,825 $1,472,250 $1,779,525 $2,211,600 6 59 ORANGE COUNTY CA 31080 $1,149,825 $1,472,250...

FHFA Announces Conforming Loan Limit Values for 2024 Baseline Conforming Loan Limit Value Will Increase to $766,550 11/28/2023 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the...

Mortgage rates fluctuated greatly in the third quarter of 2022. The average 30-year fixed rate dipped as low as 4.99% on Aug. 4 then reached a high-water mark of 6.7% on Sept. 29, according to Freddie Mac. This followed 248 basis points (2.48%) of growth in the year’s first half. Rates varied...

Rising Inflation   Headlines about the conflict in Ukraine continued to cause volatility in mortgage markets this week, but their net impact was roughly neutral. Instead, the primary influence was growing concern about rising inflation, and mortgage rates ended the week higher. The Consumer...

Mortgage News 2/11/2022 Inflation Surges Investors have been on edge about higher inflation for months, and on Thursday they were hit with a powerful one-two combination that left them stunned. First, the CPI inflation report was even stronger than expected, and then a Fed official proposed a...

Mortgage News 2/08/2022 The key events last week, stronger than expected labor market data and major central bank meetings in Europe, were negative for mortgage rates. As a result, rates climbed to the highest levels since early 2020. The closely watched Employment report released on Friday...

Mortgage News 1/28/2022 The key event this week was the Fed meeting on Wednesday 1/26/2022, and it caused investors to anticipate a faster pace of monetary policy tightening, which was negative for mortgage rates. The major inflation and economic growth data had little impact. As a result...

https://www.housingwire.com/articles/fhfa-hikes-fees-for-high-balance-and-second-home-loans/ FHFA hikes fees for high-balance and second-home loans. The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and...

NEW FHFA LOAN LIMIT FOR 2022 -All States Not AK, HI *1 Unit $625,000.00 from $548,250.00 *2 Unit $800,250.00 from $702,000.00 *3 Unit $967,250.00 from 848,500.00 *4 Unit $1,202,000.00 from $1,054,500.00 For AK & HI *1 Unit $937,500.00 from 822,375.00 *2 Unit $1,200,375.00 from 1,053,000.00 *3...

Vision Quest Lending Rates 7/20/21 Conventional Loan Program* 30 Year Fixed @ 2.625% (2.625% APR) with 0 Points or Lender Fees 20 Year Fixed @ 2.375% (2.375% APR) with 0 Points or Lender Fees 15 Year Fixed @ 2.00% (2.00% APR) with 0 Points or Lender Fees VA 30 Year Fixed @ 2.25% (2.25% APR)...

FHFA Eliminates Adverse Market Refinance Fee Allows certain borrowers to save more money when refinancing FOR IMMEDIATE RELEASE 7/16/2021 Washington, D.C. ? Today, to help families reduce their housing costs, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac...

Extremely strong economic reports were negative for mortgage markets this week. With the rollout of the Covid vaccine gaining steam and additional government stimulus on the way, most investors expect that future data will be even more impressive. As a result, mortgage rates ended the week at...

FHFA increases maximum conforming loan limit. To find out the loan limit in your specific county:https://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2021_HERA-BASED_FINAL_FLAT.xlsx Tony Nguyen  | NMLS#93776 Vision Quest Lending  | 2860 Michelle...

The Federal Housing Finance Agency announced Tuesday it is postponing the date it will begin implementing its adverse market refinance fee to Dec. 1. The FHFA directed Fannie Mae and Freddie Mac to delay the implementation date of their adverse market refinance fee after it was previously...

Here is an article that will affect interest rates going forward: Surprise Announcement From FHFA Just Made Your Refi Much More Expensive COMMENTARY      Matthew Graham | 8/12/2020 8:57 PM In what can only be described as a cash grab, Fannie and Freddie's regulator just announced a new tax on...