Interest Rates December 6, 2013

Home Service Lending’s Interest Rates – Dec 6. 2013 TODAY’S INTEREST RATES Jumbo Purchase 20% down (SFR) Up to $2,000,000 loan amount 30-year Fixed – 4.250% 15-year Fixed – 3.500% 10-year ARM –  3.625% 7-year ARM –    3.250% 5-year ARM –   2.750%   Conforming – High Balance Purchase 20% down (SFR) Up to $625,000  loan …

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Valuations and Sales Discounts Eat Away at Foreclosure Proceeds

Low property valuations and steep sales discounts reduce the proceeds from liquidated loans by almost a third, according to Moody’s Investors Service. As home prices drop, equity erosion drives most of the losses incurred on defaulted mortgage loans, but the analysts at Moody’s say in today’s environment that’s not the whole story. They maintain that …

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Break on larger loans near end

Price limits for cheaper rates to expire Oct. 1 The chief economist of the California Association of Realtors says her group is resigned to seeing high-dollar limits on lower-cost “conforming” loans expire on Oct. 1, resulting in greater financing costs for people buying pricier homes. Leslie Appleton-Young said Realtors fought to extend the limit, but …

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