The 30-year fixed-rate mortgage dropped below 6% on average this week, a seven-week low for the mortgage, according to Freddie Mac’s weekly survey, released on Wednesday.
The mortgage averaged 5.97% for the week ending Nov. 26, down from last week’s 6.04% average. The 30-year mortgage averaged 6.10% a year ago; it hasn’t been lower since [...]

$200,160.00 was the limit for a single family FHA maximum loan. That limit has been raised to $316,350. Multi family loan limits have been raised as well, as the spreadsheet indicates. Is this a magic fox for all of Rhode Island’s real estate problems? Of course not, but it is a start. It is one [...]