Are you famliar with the 1%=10% rule?
Every 1% change in interest rate affects your buying power 10%. 1% in rate = 10% in mortgage For example: Your budget allows you a monthly payment of $1,013 4.5%, 30 year mortgage, $1,013/month= $200,000 mortgage 5.5%, 30 year mortgage,…
Higher Loan Limits are Important to Our Market
Recently the House and Senate passed legislation to extend the current loan limits for FHA ,Freddie Mac and Fannie Mae through December 31, 2010
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