Mortgage Rates Catch a Break this Week

Mortgage rates caught a break yesterday by moving lower for the first time this week.  They arguably caught a break again today by not moving any higher than they did.  Underlying bond markets (which drive mortgage rate changes) were rocked this morning by stronger inflation data.  The important Consumer Price Index (CPI) was expected to hold steady… [Read More]

Loan Limits Increase in California

The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase.  In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000.  This will be the first increase in the… [Read More]

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