Conforming (also called Conventional) loan limits for all but one Connecticut (CT) counties went up for 2020 to $510,400. See below the list of all counties in Connecticut with 2020 loan limits for 1, 2, 3, and 4 Unit properties. FAIRFIELD COUNTY • 1 Unit – $601,450 • 2 Unit – $769,950 • 3 Unit […]
Conforming (also called Conventional) loan limits for most of Colorado (CO) counties went up for 2020 to $510,400. See below the list of all counties in Colorado with 2020 loan limits for 1, 2, 3, and 4 Unit properties. ADAMS 1 Unit – $575,000 2 Unit – $736,100 3 Unit – $889,800 4 Unit – […]
Conforming and High Balance loan limits for most California (CA) 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 California with 2020 loan limits for 1, 2, 3, and 4 Unit properties. Alameda […]
Conforming (also called Conventional) loan limits for all Arizona (AZ) counties went up for 2020 to $510,400. See below the list of all counties in Arizona with 2020 loan limits for 1, 2, 3, and 4 Unit properties. Apache County: 1 Unit – $510,400 2 Unit – $653,550 3 Unit – $789,950 4 Unit – […]
Existing-home sales in the Midwest and the South have registered an uptick for the month of October, says the National Association of Realtors’s (NAR) housing stat. Sales in the North and the West, on the other hand, have suffered a decline. All four regions have, however, sold more homes compared to the numbers they sold […]
Piggybacking on low mortgage rates, the refinance applications are on a rise. Refinance volume has pushed total mortgage volume up and it is nearly 150% above where it was, this week last year. The data, however, is not as reliable given that Thanksgiving fell a week earlier last year. To add, 30-Y fixed has come […]
The Federal Housing Finance Agency (FHFA) recently announced new and improved 2020 loan limits for Conforming and High balance mortgages. The maximum Conforming Loan Limit for 2020 for a majority of our country will be $510,400 (for one-Unit properties). This is an increase of 5.38% from $484,350 recorded in 2019. As a result of generally […]
The effect of the Hong Kong protests (compounded by the judiciary’s stay on the mask ban) may not be as forthcoming immediately. Yet, it has what it takes to derail even the German and the US economy to some degree. It does not augur well for a US economy already being hit by the Trade […]
When the bond yield curve had inverted in late August, the USA began to harbor recessionary fears. These fears have since diluted; a trend reflected by a slight increase in the mortgage rates over the last couple of months. America’s manufacturing sector is still under the pump and this creates an atmosphere of economic weakness. […]
At the time of writing this piece, we await the University of Michigan’s Consumer Sentiment Index. It is expected to rally close to 96. Mortgage shoppers will have their eyes glued to it. It is worth noting that the higher the number, the more optimistic the consumers are and hence more likely to make purchases […]
