FHFA
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - November 23, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.49 percent based on loans closed in October. This is a decrease of 0.06 percent from the previous month.
Maximum Conforming Loan Limits to Remain Unchanged in the First Nine Months of 2011
Washington, DC - November 19, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has announced that, under terms set forth in a recently-enacted Congressional continuing resolution (Public Law Number 111-242), the maximum conforming loan limits for mortgages originated in the first nine months of 2011 will remain unchanged from existing loan limits for 2010 originations. Those limits are generally $417,000 but can be as much as $729,750 in certain high cost areas in the contiguous United States. The maximum loan limits for counties across the United States can be found here (130 pages)
