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Will there be 4.5% interest rates in the Twin Cities soon?
December 3, 2008 By 3 Comments
In an effort to lift home sales and possibly values again, an article over at the Wall Street Journal today claims the Treasury is in talks with Fannie Mae and Freddie Mac to encourage banks to write mortgage loans at 4.5% fixed interest rate over 30 years. This of course would be temporary. The plan [...]
Conforming Rate Loans will remain at $417K in Twin Cities
November 11, 2008 By Leave a Comment
The Federal Housing Finance Agency announced that most areas of the country will remain at the conforming rate loan limit of $417k. This limit is the maximum amount that Fannie Mae and Freddie Mac can purchase loans for. Some areas have higher loan limits based on median home prices and might vary based on loan [...]
