Mortgage News

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…

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…

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…

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 – $510,400 2 Unit – $653,550 3 Unit – $789,950 4 Unit – $981,700 ASOTIN 1 Unit – $510,400 2 Unit – $653,550 3 Unit – $789,950 4 Unit – $981,700 BENTON 1 Unit – $510,400 2 Unit – $653,550 3 Unit – $789,950 4 Unit – $981,700 CHELAN 1 Unit…

Conforming and High Balance loan limits for most Virginia (VA) 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 Virginia with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ACCOMACK COUNTY  • 1 Unit – $510,400• 2 Unit – $653,550• 3 Unit – $789,950• 4 Unit – $981,700 ALBEMARLE COUNTY • 1 Unit – $510,400• 2 Unit – $653,550• 3 Unit – $789,950• 4 Unit – $981,700 ALLEGHANY COUNTY  •…

Conforming loan limits for all the Texas (TX) counties went up for 2020. Base conforming loan limit went up to $510,400. See below the list of all the counties in Texas with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ANDERSON COUNTY  • 1 Unit – $510,400• 2 Unit – $653,550• 3 Unit – $789,950• 4 Unit – $981,700 ANDREWS COUNTY • 1 Unit – $510,400• 2 Unit – $653,550• 3 Unit – $789,950• 4 Unit – $981,700 ANGELINA COUNTY  • 1 Unit – $510,400• 2 Unit – $653,550• 3 Unit –…

Conforming (also called Conventional) loan limits for all Oregon (OR) counties went up for 2020 to $510,400. See below the list of all counties in Oregon with 2020 loan limits for 1, 2, 3, and 4 Unit properties. BAKER COUNTY 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 BENTON COUNTY 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 CLACKAMAS COUNTY 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 CLATSOP COUNTY 1 Unit…

Conforming and High Balance loan limits for most New York (NY) 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 the counties in New York with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ALBANY COUNTY  • 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 ALLEGANY COUNTY  • 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit…

Conforming (also called Conventional) loan limits for all the Nevada (NV) counties went up for 2020 to $510,400. See below the list of all counties in Nevada with 2020 loan limits for 1, 2, 3, and 4 Unit properties. CARSON COUNTY 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 CHURCHILL COUNTY 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 CLARK COUNTY 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 DOUGLAS COUNTY 1…

Conforming and High Balance loan limits for New Jersey (NJ) 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 New Jersey with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ATLANTIC 1 Unit – $510,400 2 Unit – $653,550 3 Unit –  $789,950 4 Unit – $981,700 BERGEN 1 Unit – $765,600 2 Unit -$980,325 3 Unit -$1,184,925 4 Unit – $1,472,550 BURLINGTON 1 Unit – $510,400 2…