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Wednesday
Dec132017

Mortgage Rates slightly higher

Mortgage Rates slightly higher - The December 7, 2017 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.94%, up from 3.90% last week.  The 15-year fixed was 3.36%,  up  from 3.30% last week. The 5-year ARM was 3.35%,  up from last week’s 3.32%. 

 

Confirming and FHA loan limits increase -  The confirming loan limit will increase from $424,100 to $453,100. The conforming high balance will go from  636,150 to $679,650 in 2018. The FHA loan limit will also rise to $679,650. Both conforming and FHA limits increase for 2,3 and 4 unit dwellings. 

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