Effective today the new maximum FHA loan limit for Olmsted county has increased to $271,050. FHA allows a little more flexibility for borrowers with less then perfect credit or down-payment money that is being gifted to them. This is also good news for sellers up to this loan limit as the pool of buyers of perspective [...]
Rochester MN Real Estate Market Blogby Realtor Shawn Buryska of Coldwell Banker Burnet |
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Entries Tagged as 'Interest Rate News'
FHA mortgage limits increased in Olmsted County!
March 6th, 2008 · No Comments
Tags: Interest Rate News
Fannie, Freddie and Bernanke
March 2nd, 2008 · No Comments
The biggest economic news of the week was expected to come from Fed Chief Bernanke, but a surprise announcement from OFHEO had the greatest impact on mortgage markets. Wednesday, OFHEO, the government regulator of Fannie Mae and Freddie Mac, announced that it will remove the limits placed on the portfolio sizes of the two companies [...]
Tags: Interest Rate News
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Recent Real Estate News
2010-08-30
Monday Morning Rochester Area Real Estate Market Update
The Rochester real estate market saw a significant reduction of new listings coming on the market with only 26 new listings verses 57 for the same week last year. Sales were steady with 26 homes pended last week compared to 27 for the same time... read more