FHA Loan Limits Increased

We have all been waiting for some relief to our current real estate market conditions, and it arrived today: the new FHA and Fannie Mae- Freddie Mac conforming loan limits have been released by the U.S. Department of Housing and Urban Development (HUD). Read more

Fed Cuts Interest Rates Again

In an effort to further boost the ailing economy, for a second time in eight days the Federal Reserve cut its federal funds rate (the rate banks charge each other for overnight loans) by a half percentage point Read more

Fed Cuts Interest Rates by 3/4%

Today’s rate cut by the Federal Reserve would mean lower interest rates on home equity loans and also lower rates on mortgage loans for purchasing real estate. Your monthly mortgage payment could now buy you more home than before. Read more

Important Announcement Regarding Bank of America and Countrywide

Just a couple days after receiving an email from Countrywide’s retail division rejecting the bankruptcy rumor, today I received another email, this time from Countrywide’s wholesale division with the following announcement: Read more

Countrywide Rejects Bankruptcy Rumor

This morning I received the following email from the Chaz Hinz, a Countrywide Home Loan Consultant:

Many of you may monitor Countrywide’s stock, and you may have noticed unusual activity today. Read more

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