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Bill Carmichael

Interest Rates have Dropped & Loan Limits Raised

This is a great time to refinance or buy a home.

 Current conforming loan limits recently raised to $729,750 which allows borrowers to put down 3.5% of the purchase price.  Also allows for higher loan amounts to benefit from lower interest rates.

 Currently rates are in the 4's depending on credit, financials, loan amounts and lenders.

 

Published Monday, March 23, 2009 3:29 PM by Bill Carmichael

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Rick Sanford said:

Great information Bill.  Let's hope this will stimulate the Market.

June 30, 2009 2:40 PM

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