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 →

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 →

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 →

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 – $510,400 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…continue reading →

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

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  •…continue reading →

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

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 •…continue reading →

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

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…continue reading →

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

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…continue reading →

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