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The FICO 10 Suite: Will It Make Borrowing More Difficult?

Triggered by very high consumer-debt levels, markets went into a tailspin in 2008. Back then, the debt figure was $13 trillion. Status Alert:  the same figure is $14 trillion now. Fair to say, the lenders are getting a little fidgety. It is true that the demons of recession aren’t giving them nightmares yet but the lending fraternity knows that the phase of expansion can’t last eternally and that the USA might feel the pinch someday if generous (and fingers-crossed kind of) lending continues. FICO Score 10 Suite It is in this context that…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending January 24, 2020

Consumer sentiment may rally from here based on multiple positive indices, near all-time-low rates, and the general good feeling that a new year brings. House constructions as well as number of homes sold are expected to pick up. While Americans are aware that the expansionary phase can't last eternally, they are no more wary of the recession pundits and this is no small news. Mortgage Rates: rates decrease all around This week’s Mortgage Banking Associations’ (MBA) weekly rate survey reveals a decrease across the board with the exception of 30-year Fixed jumbo balances. According to the MBA Weekly Survey: “The…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending January 17, 2020

Phase One of the Trade deal isn't expected to deliver a panacea. It, however, augurs well for the economy under pressure as the positive spin to the Trade War, augmented by stable inflation and decent job growth, is likely to keep nerves in check. January is a calm month. Everyone is willing to be in the first gear till the time all the numbers of the last year pour in. The excitement, though, may begin soon as many indicators, otherwise unnoticeable, may have a distinct shine given that this is the election year.…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending January 10, 2020

A nation’s economy is affected by even the faintest geopolitical unrest but the fact that Trump has addressed any concerns regarding the Iranian fallout stabilizes our perception of the economy. So rates are not going on a tailspin, rest assured! The employment report for the private sector in particular may push the rates up and even the lenders can keep them high (artificially) in order to reduce the application stress. Mortgage Rates: rates decrease all around This week’s Mortgage Banking Associations’ (MBA) weekly rate survey reveals a decrease across the board. According to the MBA Weekly Survey: “The average contract…continue reading →

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

ADAMS 1 Unit – $575,0002 Unit – $736,1003 Unit – $889,8004 Unit – $1,105,800 ALAMOSA 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ARAPAHOE 1 Unit – $575,0002 Unit – $736,1003 Unit – $889,8004 Unit – $1,105,800 ARCHULETA 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BACA 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BENT 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BOULDER 1 Unit – $644,0002 Unit – $824,4503 Unit…continue reading →

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

ADAMS 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ASOTIN 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BENTON 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 CHELAN 1 Unit – $345,0002 Unit – $441,6503 Unit – $533,8504 Unit – $663,450 CLALLAM 1 Unit – $384,1002 Unit – $491,7003 Unit – $594,3504 Unit – $738,650 CLARK 1 Unit – $491,0502 Unit – $628,6003 Unit – $759,8504 Unit – $944,350 COLUMBIA 1 Unit – $331,7602 Unit – $424,8003 Unit…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Virginia (VA)

ACCOMACK 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ALBEMARLE 1 Unit – $437,0002 Unit – $559,4503 Unit – $676,2004 Unit – $840,400 ALEXANDRIA 1 Unit – $765,6002 Unit – $980,3253 Unit – $1,184,9254 Unit – $1,472,550 ALLEGHANY 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 AMELIA 1 Unit – $535,9002 Unit -$686,0503 Unit -$829,2504 Unit -$1,030.600 AMHERST 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 APPOMATTOX 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit –…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Texas (TX)

ANDERSON 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ANDREWS 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ANGELINA 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ARANSAS 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ARCHER 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ARMSTRONG 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ATASCOSA 1 Unit – $393,3002 Unit – $503,5003 Unit…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Oregon (OR)

BAKER 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BENTON 1 Unit – $402,5002 Unit – $515,2503 Unit – $622,8504 Unit – $774,050 CLACKAMAS 1 Unit – $491,0502 Unit – $628,6003 Unit – $759,8504 Unit – $944,350 CLATSOP 1 Unit – $345,0002 Unit – $441,6503 Unit – $533,8504 Unit – $663,450 COLUMBIA 1 Unit – $491,0502 Unit – $628,6003 Unit – $759,8504 Unit – $944,350 COOS 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 CROOK 1 Unit – $331,7602 Unit – $424,8003 Unit…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in New York (NY)

ALBANY COUNTY  1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ALLEGANY COUNTY  1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BRONX COUNTY  1 Unit – $765,6002 Unit – $980,3253 Unit – $1,184,9254 Unit – $1,472,550 BROOME COUNTY  1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 CATTARAUGUS COUNTY  1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 CAYUGA COUNTY  1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 CHAUTAUQUA COUNTY  1…continue reading →