TWO CRITICAL DATES - if you are considering home financing

These dates are especially critical if you need a loan amount greater than $625,500, will not qualify if rates go up, or you are in an ARM and cannot afford to payoff your loan if rates are up when the fixed period ends. Rates have dipped over the last couple weeks, so now is the time to get your application in process!

June 30, 2011

Federal Reserve is scheduled to end its $600 Billion in Treasury Purchases. Basic supply and demand dictates that rates will go up when the Feds stop purchasing Treasuries.
Read more here: Treasuries "Most Overvalued" Bonds, Bill Gross Says: Beware End of QE2

 

September 30, 2011

Currently, high balance conforming loans with great rates are available up to $729,750 in the Bay Area. Unless there is an extension, the high balance conforming loan limit will drop to $625,500 after Sept 30th. "Jumbo" rates will apply for loan amounts exceeding that amount and those rates are almost always higher. 
Read more here: Maximum Loan Limits for Loans Originated between 10/1/2010 and 9/30/2011

 

Remember, I have access to dozens of wholesale funding sources and home listings anywhere in California.