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Department of Veteran Affairs Raise the Loan Cap

August 25, 2008 – The Department of Veterans Affairs (VA) is raising ceilings on its no-down payment home loans from the current $417,000 to as much as $729,000. The increases are effective immediately under legislation recently enacted with President Bush signing the...

Survey: First time buyers have lofty expectations

The main concern of first-time homebuyers might be affordability, but their expectations are higher than what they can afford, according to a survey by one of the countries largest franchise chain of real estate offices. The online survey was conducted among 150 of...

30-year mortgages remain at 6.52%

August 15, 2008 – Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52% this week....