These loan increases will go into effect April 1, 2008 for 15-30 year fixed mortgages. The criteria for adjustable rate mortgages will not be available until May 1, 2008.  To give an idea of the magnintude of the increase; previously, the loan limit on a single family conforming loan was $417,000.00.  Please note that this is not to be [...]

The rate on 30-year mortgages rose for a third straight week, hitting the highest level in more than three months. The 30-year, fixed-rate mortgages averaged 6.24 percent this week, up from 6.04 percent last week. Rates on 15-year mortgages rose to 5.72 percent from 5.64 percent. Rates on five-year adjustable-rate mortgages rose to 5.43 percent [...]