Mortgage Interest Rates for Fixed Rate Mortgages*
Rates as of Friday, 30th October, 2009:
Loan limits to be extended through the end of 2010
Loan limits to be extended; the $729,750 GSE loan limit will be extended through the end of 2010, hoping to avoid any potential disruption in the mortgage market. Both chambers of Congress cleared the loan limit extension late Thursday as part of a continuing funding resolution. Obama will sign the continuing resolution (CR) shortly. The maximum $729,750 loan limit for Fannie Mae, Freddie Mac and Federal Housing Administration loans in high cost areas were due to expire at yearend, dropping to $625,500. The CR extends the higher loan limits through December 31, 2010. The CR also extends the nationwide $625,500 loan limit for FHA-insured reverse mortgages through December 2010.
Mortgage Interest Rates for Fixed Rate Mortgages*
Rates as of Friday, 30th October, 2009:
Mortgage Interest Rates for Fixed Rate Mortgages*
Rates as of Friday, 30th October, 2009: