Monthly Archives: February 2008

Increase in Conforming Loan Limits

It now appears that those jumbo loans which are made under the new higher loan limits to be established by the Dept. of Housing and Urban Development (“HUD”) will be combined and marketed as separate pools of mortgage-backed securites by … Continue reading

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Interest Rate Update

Conforming 30 year fixed mortgage ratesĀ average approx. 6.24%, with jumbo 30 year mortgage rates averaging approx. 7.08% according to HSH Associates newsletter for the week ending February 22, 2008. Both rates increased more than a quarter of a percent in … Continue reading

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