**Interest Rates have been on a downward trend, and are back to where they were in late November!
• 30 year JUMBO, up to 4 Million with 20% down: 4.625% at zero points
• 5/5 ARM, up to 4 Million with 20% down: 2.875% at zero points
• 30 year conforming: 4.5% at zero points
• FHA 30 year: 4.0% at zero points
**FHA Loan Limits have decreased from $729,750 to $625,500!
**QM (Qualified Mortgage) is now in effect. One of the main changes taking place is the qualifying ratios are going down from 45% to 43%.
Inventory is LOW… Sell your home now… so you can get more for your home and Buyers can pay less in Interest Rates. What a Win-Win!!! 🙂