Mortgage Rate Recap and Outlook for the Week Ending December 27, 2019

Purchase volume should be positively affected by higher house inventory in 2020. Inventory which has been a concern for some time now is expected to be tackled by construction initiatives that are on the way now. One point of note is the question of housing affordability which may become a malaise in the interior areas, too (at this point affordability issues are more of a coastal phenomenon). Here is hoping affordable houses in the FHB vertical pick up and soon. Mortgage Rates: rates increase with exception of 15 Y Fixed This week’s Mortgage Banking Associations’ (MBA) weekly rate…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in North Carolina (NC)

ALAMANCE 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ALEXANDER 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ALLEGHANY 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ANSON 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ASHE 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 AVERY 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BEAUFORT 1 Unit – $331,7602 Unit – $424,8003 Unit…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Georgia (GA)

APPLING 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ATKINSON 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BACON 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BAKER 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BALDWIN 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BANKS 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BARROW 1 Unit – $401,3502 Unit – $513,8003 Unit…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Florida (FL)

ALACHUA 1 Unit - $331,7602 Unit- $424,8003 Unit -$513,4504 Unit - $638,100 BAKER 1 Unit - $373,7502 Unit - $478,4503 Unit - $578,3504 Unit - $718,750 BAY 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 BRADFORD 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 BREVARD 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 BROWARD 1 Unit - $373,7502 Unit - $478,4503 Unit - $578,3504 Unit - $718,750 CALHOUN 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending December 20, 2019

Home builders are looking more confident and housing starts have shot up in November. This is good tidings for aspiring buyers. All 2019, we have fought against low inventory but with some luck, the supply deficit may turn a corner in 2020. Purchase applications usually come down at this time of the year but it is still a clean 10% above on the year-over-year stat. Mortgage Rates: rates offer a mixed bag This week’s Mortgage Banking Associations’ (MBA) weekly rate survey reveals a mixed performance across the board. According to the MBA Weekly Survey: “The average contract interest rate for…continue reading →

Experian Boost Offering Thin-file Customers a Look Over the Credit Horizon

Since its launch, a million people have tried Experian Boost to perk up their credit scores. It is free. It allows improving your credit score pretty quickly and to make things even better; it allows you to jump up credit tiers. No wonder, many users are not so much happy as ecstatic. In a credit-driven economy, how well are you perceived by the lenders is of great importance. The great paradox For those who have a thin credit history, it becomes impossibly difficult to exhibit their intent to the creditors. The creditors need…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Connecticut (CT)

FAIRFIELD 1 Unit - $601,4502 Unit - $769,9503 Unit - $930,7004 Unit - $1,156,650 HARTFORD 1 Unit - $353,0502 Unit - $451,9503 Unit - $546,3004 Unit - $678,950 LITCHFIELD 1 Unit - $357,6502 Unit - $457,8503 Unit - $553,4504 Unit - $687,800 MIDDLESEX 1 Unit - $353,0502 Unit - $451,9503 Unit - $546,3004 Unit - $678,950 NEW HAVEN 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 NEW LONDON 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 TOLLAND 1 Unit - $353,0502 Unit -…continue reading →

2020 FHA Mortgage Loan Limits in all the Counties of California (CA)

ALAMEDA 1 Unit - $765,6002 Unit - $980,3253 Unit - $1,184,9254 Unit - $1,472,550 ALPINE 1 Unit - $$463,4502 Unit - $593,3003 Unit - $717,1504 Unit - $891,250 AMADOR 1 Unit - $355,3502 Unit - $454,9003 Unit - $549,8504 Unit - $683,350 BUTTE 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 CALAVERAS 1 Unit - $373,7502 Unit - $478,4503 Unit - $578,3504 Unit - $718,750 COLUSA 1 Unit - $331,7602 Unit - $424,8003 Unit - $513,4504 Unit - $638,100 CONTRA COSTA 1 Unit - $765,6002 Unit - $980,3253…continue reading →

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

APACHE 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 COCHISE 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 COCONINO 1 Unit – $362,2502 Unit – $463,7503 Unit – $560,5504 Unit – $696,650 GILA 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 GRAHAM 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 GREENLEE 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 LA PAZ 1 Unit – $331,7602 Unit – $424,8003…continue reading →

2020 Conforming Loan Limits for all the Counties in Washington (WA)

Conforming (also called Conventional) loan limits for most of Washington (WA) counties went up for 2020 to $510,400. See below the list of all counties in Washington with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ADAMS 1 Unit – $510,4002 Unit – $653,5503 Unit – $789,9504 Unit – $981,700 ASOTIN 1 Unit – $510,4002 Unit – $653,5503 Unit – $789,9504 Unit – $981,700 BENTON 1 Unit – $510,4002 Unit – $653,5503 Unit – $789,9504 Unit – $981,700 CHELAN 1 Unit – $510,4002 Unit – $653,5503 Unit – $789,9504 Unit…continue reading →