Bancgroup Mortgage Logo   David A. Pellegrino, Mortgage Consultant for Bancgroup Mortgage Corporation
Today's Mortgage Rates for a loan of $200,000:
  4.75% 30-Year Fixed Rate Conforming Mortgage 4.855% APR
  5.25% 30-Year Fixed Rate FHA Mortgage 5.403% APR
  4.625% 15-Year Fixed Rate Conforming Mortgage 4.803% APR
Indices: LIBOR -- 2.09%  Treasuries -- 0.40%  Prime Rate -- 3.25%
Updated on Tuesday, January 06, 2009 12:44:57 PM -- Assumptions

Conforming Loan
Conforming or conventional home mortgages are mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA, commonly known as "Fannie Mae") or the Federal Home Loan Mortgage Corporation (FHLMC, commonly known as "Freddie Mac"). These agencies generally buy first mortgages up to loan amounts approved by Congressional directive.
2008 Single-Family Mortgage Loan Limits:

Single-Family Mortgage Loan Limits effective January 1, 2008:

One-family loans: $417,000
Two-family loans: $533,850
Three-family loans: $645,300
Four-family loans: $801,950

Note: One- to four- family mortgages in Alaska, Hawaii, Guam, and the U.S. Virgin Islands are 50 percent higher than the limits for the rest of the country.  Additionally, loan limits in high cost areas may be as high as $729,000.  Please contact me for more details.

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BancGROUPTM Mortgage Corporation is an Equal Housing Lender and California, Colorado (MB100017881), Illinois, Indiana, Wisconsin and Florida Residential Mortgage Licensee

1745 Shea Center Drive, Suite 130 Highlands Ranch, CO 80129-1537 -- Office: 303.542.1103 Fax: 303.542.1200

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