MARKET UPDATE
Two great pieces of news came out this week.1) Conforming Jumbo loans are now available on 2 unit properties. Depending on the median home prices in your local market, a buyer could be eligible for up to $934,200 at a great rate (this is up from the $533,850 for conventional conforming 2 unit loans). [...]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be [...]

What a week in the mortgage market! Fears of inflation hammered long term rates. Fed board members are out fanning the fears of inflation. Oil and gas prices are at record highs.
So naturally, rates on 15 and 30 year fixed rate mortgages have started to rise. In fact, they jumped ½% or more this week [...]

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