We can end this short week on a high note.  The stock market was mostly stable and the mortgage rates went down and stayed low.  Friday will be light for all financial markets.

 

Perhaps we can soon get some reprieve from this mess.  With our new President-To-Be seemingly on the ball (see photo of Blackberry in hand as always), there could be hope of a better first quarter. Oh, wasn’t that the theme?

 

Remember, the new higher conforming loan amounts are now in effect.  These higher loan amounts with new guidelines replace the old economic stimulus loans (which did not really work).  Check with lender guidelines, because each bank will have their own rules of the game.

 

# units                  Loan amounts         

 

1                             $625,000

2                               800,775

3                               967,950

4                            1,202,925 

Happy Thanksgiving!

Dale Siegel