New Conforming Loan Limits

Interest rates are getting better on the

new conforming loan limits!!!

It is now starting to come to fruition

that the new conforming loan amounts

between $417K-$729K are getting the lower

interest rates we had expected

when the stimulus package came out.

The rates are getting very competitive

to the $417K and under original

conforming loan amounts.

As an example the interest rate on a

30 year fixed Full Doc qualification,

purchase for the higher conforming

loan amounts are at 6%.

Rates are awesome so this is a

great opportunity to take advantage of this

money to purchase a home!!

May 19 2008 01:39 pm | Lending Info

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