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 November 3rd, 2009
Chico, CA Interest Rates Market Report – Economic Influences – November 3, 2009
No Real Economic News Today
No Real Economic News Today
Slow Day For Bonds
No real economic information to be released today. Interest Rates will, therefore, more than likely follow the direction of Stocks. The market will be jittery, anticipating what the Federal Reserve Comments will be tomorrow at approximately 11:15 a.m., P.S.T. Expect the Fed to keep overnight rates the same, however, Good ‘Ole Ben Bernanke may comment on when the Fed will increase these rates. Those comments, alone, may move markets.
Locking Advice
We’ve broken below the 25-Day Moving Average and are toying with the 50-Day and 200-Day Moving Averages. Fed comments, tomorrow, may change the “tone” of this morning’s losses, however, I think it’s quite prudent to lock in.
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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
