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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...

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...

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...

Mortgage rates have fallen to a new all-time low on June 12, 2020. July could set the stage for such another drop, offering new all-time low rates. Stocks will be pressured to move lower as new coronavirus cases spike in several states and the expected forecast of weaker global growth. Plus...

As the economy continues to act erratically, many lenders are forced to take their own actions to help sustain themselves. Lenders are making significant changes to FHA, VA and USDA loans. These changes could make home loans unavailable for mortgage borrowers who could have qualified just weeks...

Great read from Barry Habib. Mortgage Crisis and Fed Unintended Consequences March 26, 2020 The Coronavirus Meltdown The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison.  The pressing...

Crazy time in the mortgage industry. Lenders and banks are swamped with applications and may have a hard time closing your loan before the lock expires. Some requiring 100 day locks, some no longer accepting new loans, etc. Day to day pricing is now more capacity related than tied to MBS prices...

Date: 2/29/2020 Mortgage rates have fallen to new lows as the carnage on Wall Street continues. Mortgage and refinance rates have plummeted in the past few weeks; a reaction to the effect of Wuhan coronavirus on worldwide markets. Concerns about the coronavirus caused a massive shift to less...

Below are examples of interest rates available today for primary SFR conventional loans. TRUE NO CLOSING COST LOAN OPTION                     PROGRAM        RATE        APR*        FEES Conventional 30 yr. Fixed      3.375%    3.375%    $0 (None) Conventional 15 yr. Fixed      2.875%    2.875% ...

Reports of a new virus originating in Wuhan, China is strangely affecting mortgage rates. This trend could gain momentum in February. As January came to a close, markets were watching the spread of the virus, with new cases being discovered in the U.S. and other countries. Mortgage rate...

The Fed isn?t going to cut rates to zero, or go negative, at its September 17-18, 2019 meeting. However, there is an 89% chance of a 0.25% cut, according to the CME Group FedWatch tool. That gets the most powerful financial body in the world, the Federal Reserve, closer to the zero-or-negative...