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Articles tagged with: mortgage interest rate

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[28 Nov 2010 | One Comment | 2,549 views]
Conforming loan limits to stay unchanged next year

Fannie Mae and Freddie Mac – the two government sponsored enterprises that buy most of the mortgages in the country – announced this month that the conforming loan limit of $417,000 will remain unchanged through the first nine months of 2011.
That announcement was repeated in one media outlet after another shortly after it was made, but here’s the thing – most Arkansans don’t have to worry about it. Still, the announcement provides an excellent opportunity to discuss the issues of conforming loan limits, what they mean to most consumers and …

Business, News, Real Estate »

[23 Nov 2010 | 2 Comments | 1,879 views]
Central Arkansas homes sales down in October

Cooperative Arkansas Realtors MLS (CARMLS) released its housing market report today, showing that homes sales in central Arkansas were down again in October.
The issue at hand, of course, is the expiration of the tax credits for first-time and repeat buyers. Those credits expired at the end of April and buyers were initially given until the end of June to close on homes in order to be eligible for a tax credit.
While the “closing deadline” was extended by Congress until the end of September, most buyers who got homes under contract …

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[17 Nov 2010 | One Comment | 9,246 views]
ADFA drops mortgage interest rate

Here’s some good news for a lot of Arkansans wanting to buy homes and comparing what mortgage products are available — the Arkansas Development Finance Authority (ADFA) has dropped the interest rate on its HomeToOwn mortgage program from 5 percent to 4.5 percent and has some money available for people needing help with down payments.
HomeToOwn Murray Harding said he hopes today’s announcement from the ADFA will help more Arkansans secure financing to purchase houses. Granted, the 4.5 percent rate on a 30-year, fixed interest mortgage is a bit higher than …