Kevin Orf's (marine44) Blog

Kevin Orf Senior Mortgage Consultant 651-492-4392 www.kevinorf.com   Tuesday February 10th        Program Description    Rates    Type of Loan Minimum Down Payment Government Loans       FHA 5.500% 30 yr. Fixed Rate 3.50% FHA ARM 5.250% 1 yr. ARM 3.50% *** New FHA Loan Limit $365,000 *** VA 5.37...

The Federal Reserve cut its target for the federal funds rate by a quarter-point, from 2.25 percent to 2 percent. The prime rate will fall by a quarter-point, from 5.25 percent to 5 percent. The move spells good news to people who borrow money on loans, such as home equity lines of credit, that a...