Danny Salas
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Update:
Temporary Loan Limits Return for all FHA Loans in High Cost Areas
Recently, the President signed into law a new bill H.R. 2112, called the Consolidated and Further Continuing Appropriations Act of 2012. In response to this new legislation, HUD has issued Mortgagee Letter 2011-39 detailing the acceptance and timing of the return to higher FHA loan limits.
Visit HUD's FHA Mortgage Limits webpage for a simple way to find out your loan limits
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Today’s Interest Rates
Archive for September 8th, 2009
Chico, CA Interest Rates Market Report – Economic Influences – September 8, 2009
Keeping A Finger On The Lock Button, But Float Into This Week
Big News This Week: Bonds
That’s right. Treasury Auctions are the big news of the week. By the time you read this, $38 Billion in 3-Year Treasury Notes will have started their Auction. Tomorrow $20 Billion in 10-Year Notes and Thursday’s $12 Billion in 30 Year Notes will definitely have an effect on the market. Expect Today’s bid to go quite well. The rest of the week, however, be a little concerned.
Why Be Concerned
If you read the link above, that explains why longer terms are more risky regarding these Bond Auctions. So, again, it makes sense to float into the week, with an itchy finger on the lock button, as the 10-Year & 30-Year Treasury Auctions occur.
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Licensing Information
Daniel C. Salas
CA DRE License #: 01167493
NMLS #: 232306
Access Real Estate Lending is a dba of
American Pacific Mortgage Corporation
CA DRE License #: 01215943
NMLS #: 1850
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act
An Equal Housing Lender
