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I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me...

Read the full post at http://www.themortgagereports.com

The government published its 2009 Conforming Loan Limit guidance Monday. Listed by county, the report grants 324 parts of the country a temporary boost beyond the "normal" $417,000 Fannie Mae-bound mortgage loan limits. Designated "high-cost", these areas are differentiated by their local median...

Read the full post at http://www.themortgagereports.com

Among the most overlooked elements of the recently-passed stimulus package is the reinstatement of 2008's conforming loan limits. Up from $625,500 to $729,750, homeowners in high-cost areas have a better chance of accessing today's low mortgage rates and that is good for both housing and the...

Read the full post at http://www.themortgagereports.com

Another day, another demand-side stimulus for the housing market. Huzzah. In the sprawling 407-page stimulus bill, nestled in on page 111, Congress authorized a reinstatement of 2008's temporary conforming loan limits. Effective immediately, home loans in high-cost areas can be insured by Fannie...

Read the full post at http://www.themortgagereports.com

I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me...

Read the full post at http://www.themortgagereports.com

Sometimes, it pays to look at the bigger picture. With respect to the health of the housing market, now is one of those times. Despite what you're reading, the industry-wide housing recovery is well underway and it's based on basic economic principals that have held for hundreds of years. Because...

Read the full post at http://www.themortgagereports.com

Most people agree -- purging home inventory is paramount to the housing recovery, Fannie Mae just made that recovery a lot more likely. Effective immediately, Fannie Mae is rescinding its 4-financed-property per person restriction. If you turn down Pandora and listen closely, you can hear real...

Read the full post at http://www.themortgagereports.com

I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me...

Read the full post at http://www.themortgagereports.com

With both consumption and household income down last month, it's as good a time as any to rerun this graphic from November. That Great American Penny-Pinch is making deflation as real a threat to the economy as inflation is. The difference, though, is that deflation can be good for mortgage...

Read the full post at http://www.themortgagereports.com

Mortgage rate volatility returned last month after a relatively slow December. Multiple-rate-sheet days outnumbered single-rate-sheet days nearly 4-to-1. For home buyers in Cincinnati and parts elsewhere, rapidly changing mortgage rates like this complicates the mortgage shopping process. What is a...

Read the full post at http://www.themortgagereports.com