March 2008
5 posts
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Another Interest Rate Cut By The Fed And Other FHA...
Hi, its Craig. I’m coming to you today to keep you updated on a few things happening in the mortgage market and economy overall. First, it looks like the Federal Reserve is set to reduce the prime rate again. The projection is to reduce it by 3/4% by tomorrow. The Fed has reduced the rate 2.25 percentage points since September to try to keep the U.S. from going into a...
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Another Key Benefit: NEW FHA Loan Criteria
Yesterday, new FHA Loan Criteria were announced as increases to its maximum loan amounts. These increases are in effect nationwide, primarily in high-cost areas. The increased loan amounts are not in effect everywhere, so you need to make sure if this change affects you where you live. You can do this online but visiting: www.HUD.Gov. Click on the “FHA Loan Limits” link. You...
The Attractive Benefits Of Key FHA Loan Criteria
With the fall of subprime, as a result of all the “mortgage mess”, the FHA (Federal Housing Authority), and specifically, its FHA Loan Criteria, has really come to shine. This is a function of the government that has been there all along, doing its job and doing it quietly…until now, it seems. FHA provides government backed mortgage loans to a still very hungry mortgage...