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House leaders have struck a deal with the White House to increase Fannie Mae and Freddie Mac loan limits from $417,000 to a maximum of $730,000 during negotiations on a $150 billion economic stimulus package. The stimulus package, which Congress is expected to pass in a few weeks, also increases the Federal Housing Administration loan limit permanently. This increase reflects an agreement between the House and Senate banking committee chairmen to increase the FHA and GSE loan limits to 125% of median area home prices, with a $730,000 cap.Treasury Secretary Henry Paulson (4 comments)
andover mortgages: Todays Interest rates - 05/16/07 08:27 PM
Wednesday's bond market has opened relatively flat despite stronger than expected economic news. The stock markets are showing gains with the Dow up 32 points and the Nasdaq up 3 points. The bond market is currently down 1/32, but due to weakness yesterday we will likely see a slight increase in this morning's mortgage rates.Today's first piece of data was April's Housing Starts. It showed an unexpected increase in new starts, which is negative for bonds. However, a downward revision to March's final starts prevented much impact on the markets. Besides, this data is not considered to be of high importance (0 comments)
andover mortgages: Reverse Mortgages - 04/21/07 07:35 AM
Reverse Mortgages Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges (0 comments)
My new web site has enabled me to expedite the entire loan process. Customers can apply on line and be approved with 24-48 hours. It also allows the customer to check the status of their loan. I have several web addresses to simplify the process. www.jzsmortgages.com www.andovermortgages.com www.northandovermortgages.com www.methuenmortgages.com www.tewksburymortgages.com www.chelmsfordmortgages.com www.billericamortgages.com www.westfordmortgages.com (0 comments)
Using the Internet for Mortgage Approvals, has come such a long way. I am able to have my customer do their mortgage application through my web site, and get an approved loan within 24-48 hrs. It is fantastic because the borrower can check the status of there loan. I have made it fairly easy by having several web addresses. www.andovermortgages.com www.northandovermortgages.com, www.methuenmortgages.com www.tewksburymortgages.com
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. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
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the content in these profiles, that are written by the members of this community.