2020 Conforming Loan Limits for all the Counties in Colorado (CO)

Conforming (also called Conventional) loan limits for most of Colorado (CO) counties went up for 2020 to $510,400. See below the list of all counties in Colorado with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ADAMS 1 Unit – $575,0002 Unit – $736,1003 Unit – $889,8004 Unit – $1,105,800 ALAMOSA 1 Unit – $510,4002 Unit – $653,5503 Unit – $789,9504 Unit – $981,700 ARAPAHOE 1 Unit – $575,0002 Unit – $736,1003 Unit – $889,8004 Unit – $1,105,800 ARCHULETA 1 Unit – $510,4002 Unit – $653,5503 Unit – $789,9504 Unit…continue reading →

2020 Conforming Loan Limits for all the Counties in California (CA)

Conforming and High Balance loan limits for most California (CA) counties went up for 2020. Base conforming loan limit went up to $510,400 and the High Balance loan limit went up to $765,600. See below the list of all counties in California with 2020 loan limits for 1, 2, 3, and 4 Unit properties. Alameda County: 1 Unit – $765,6002 Unit -$980,3253 Unit -$1,184,9254 Unit – $1,472,550 Alpine County: 1 Unit – $510,4002 Unit – $653,5503 Unit –  $789,9504 Unit – $981,700 Amador County: 1 Unit – $510,4002 Unit – $653,5503 Unit – …continue reading →

2020 Conforming Loan Limits for all the Counties in Arizona (AZ)

Conforming (also called Conventional) loan limits for all Arizona (AZ) counties went up for 2020 to $510,400. See below the list of all counties in Arizona with 2020 loan limits for 1, 2, 3, and 4 Unit properties. Apache County: 1 Unit – $510,4002 Unit – $653,5503 Unit –  $789,9504 Unit – $981,700 Cochise County: 1 Unit – $510,4002 Unit – $653,5503 Unit –  $789,9504 Unit – $981,700 Coconino County: 1 Unit – $510,4002 Unit – $653,5503 Unit –  $789,9504 Unit – $981,700 Gila County 1 Unit – $510,4002 Unit – $653,5503 Unit…continue reading →

Existing Home Sale Report for the Month of October

Existing-home sales in the Midwest and the South have registered an uptick for the month of October, says the National Association of Realtors’s (NAR) housing stat. Sales in the North and the West, on the other hand, have suffered a decline. All four regions have, however, sold more homes compared to the numbers they sold a year ago. Total existing-home sales (single-family homes, townhomes, co-ops, and condos) have come up to 5.46 million in October, a rise from September’s 5.38 million (calculations based on seasonally adjusted annual rate). This marks an increase of…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending November 29, 2019

Piggybacking on low mortgage rates, the refinance applications are on a rise. Refinance volume has pushed total mortgage volume up and it is nearly 150% above where it was, this week last year. The data, however, is not as reliable given that Thanksgiving fell a week earlier last year. To add, 30-Y fixed has come down by 1.15% over this one year period, boosting the present mortgage volume, and hence further skewing the Year-over-Year data. Be that as it may, there is certainly a cause for cheer. Mortgage Rates: rates decrease across the…continue reading →

2020 Conforming Loan Limits for 1,2,3, and 4-Unit Properties

The Federal Housing Finance Agency (FHFA) recently announced new and improved 2020 loan limits for Conforming and High balance mortgages. The maximum Conforming Loan Limit for 2020 for a majority of our country will be $510,400 (for one-Unit properties). This is an increase of 5.38% from $484,350 recorded in 2019. As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2020 in all but 43 counties or county-equivalents in the U.S.…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending November 22, 2019

The effect of the Hong Kong protests (compounded by the judiciary’s stay on the mask ban) may not be as forthcoming immediately. Yet, it has what it takes to derail even the German and the US economy to some degree. It does not augur well for a US economy already being hit by the Trade War. The protests in Hong Kong (a Special Administrative Region of China) may well have brought the US Treasury down last week, thus bringing the 30 Yr Fixed below 4%. Mortgage Rates: Rates Decrease across the Platform This…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending November 15, 2019

When the bond yield curve had inverted in late August, the USA began to harbor recessionary fears. These fears have since diluted; a trend reflected by a slight increase in the mortgage rates over the last couple of months. America's manufacturing sector is still under the pump and this creates an atmosphere of economic weakness. At such times, investors may rush for bonds thereby decreasing bond yields and bringing down interest rate along with it. Of course, if it turns out this way, mortgage shoppers will feel a little more confident about their…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending November 8, 2019

At the time of writing this piece, we await the University of Michigan's Consumer Sentiment Index. It is expected to rally close to 96. Mortgage shoppers will have their eyes glued to it. It is worth noting that the higher the number, the more optimistic the consumers are and hence more likely to make purchases in the near future, the situation clearly affecting the mortgage rate. Mortgage shoppers will hope for their greater good that the index doesn't rise past October's 95.5 MortgageRates: rates decrease across the board This week’s Mortgage Banking Associations’ (MBA) weekly rate survey reveals…continue reading →

Existing Home Sale Report for the Month of September

Existing-home sales in the Northeast, the Midwest, the West, and the South have all come down for the month of September, says the National Association of Realtors’s (NAR) housing stat. Three out of the four regions (except the Midwest) have, however, sold more homes compared to the numbers they sold a year ago. Total existing-home sales (single-family homes, townhomes, co-ops, and condos) have come down from 5.49 million in August to 5.38 million in September (calculations based on seasonally adjusted annual rate) marking a downtick of 2.2%. The decline notwithstanding, the year-over-year overall…continue reading →