Higher FHA Loan Limits: Legislation was enacted this past October to increase FHA loan limits. The new limits range from $109,032 to $197,621, up from $86,317 to $170,362. The higher ceiling, which represents 87% of the conforming limit, will open the FHA market to regions previously excluded because of high-cost housing.
The [...]
by Calvin M. Watts and Joyce McKenzie-Moser
The Mortgage Mart
January 1998
With Treasury yields piercing their 28-year lows and mortgage rates approaching the levels seen during the 1992-1993 refi boom, borrowers are asking the same question: Have rates hit bottom, offering a small window of opportunity to refinance, or will rates trend [...]
ARE MORTGAGE RATES HEADED LOWER IN 1998? Mortgage rates hit a 1997-low in December and have continued to tick down in January.
Where are interest rates headed? Some economists see rates in general dropping as much as 50 to 100 basis points this year. The impact on mortgage rates would be dramatic with [...]