Alan's Mortgage Information

Mortgage and Lending - PrimeLending, A PlainsCapital Company, Equal Housing Lender - NMLS #217388



Huge News For Mortgage Interest RatesThe real estate market and mortgage interest rates received a huge boost this morning. The Federal Reserve (Fed) announced this morning that it would be purchasing Mortgage-Backed Securities (MBS) backed by Fannie Mae, Freddie Mac, the Federal Home Loan Banks...
The Myth - 10 Year Treasury Notes Set Mortgage Interest RatesOne of the questions I get most frequently is what is what are the current mortgage rates and if I watch the rate on the 10 Year Treasury Note will I know what is happening with mortgage rates. The answer is that although the rates on t...
       The New Loan Limit Changes Have Been AnnouncedIn last weeks message "Losing The $729,750 Loan Limit" I noted that the maximum conventional conforming loan limits were being lowered to $625,500 in high cost areas. The new loan limits have been officially confirmed. The new limits are effec...
Earlier this year the loan limits for conforming  and FHA loans were raised up to a maximum $729,750 in high cost areas by The Economic Stimulus Act of 2008. These higher loan limits disappear on December 31, 2008. What may not be understood is that the Jumbo Conforming Loans are almost gone now...

Alan Gross

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