FHA loan limits have increased from $226,100 to $432,500 in the Nashville MSA area. These increased loan limits are good through December 31, 2008.
Other news:
Mortgage bond prices opened higher Friday morning erasing some of the losses seen yesterday afternoon. Rates are finding support from weak economic news released at the open. In news released this morning, the unemployment rate stood at 4.8% and non-farm payrolls, fell 63k. Analysts expected unemployment to stand at 5.0% and for the creation of 25k jobs. The lower reading on the non-farm payrolls number has traders hopeful inflation may be contained.
Friday, March 7, 2008
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