2008 March 07 « Grand Rapids Resource

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March 2008

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FHA Loan Limits increased in Michigan!

Posted on March 7, 2008 by Steve Volkers

I have great news to share. The FHA loan limits have just been increased. We did see a major increase in the new loan limits which was not expected at least here in Michigan. The new loan limit for most county’s in our area is $271,050. That is up from $200,050. FHA is going to be [...]

Filed under: Grand Rapids, Grand Rapids Home Loans | Tagged: FHA Loan Limits, Grand Rapids Homes For Sale | Leave a Comment »

What do the Fed rate cuts mean to me?

Posted on March 7, 2008 by Steve Volkers

The Fed has continued to lower the Fed funds rate through the first quarter of 2008. How does this affect the interest rate on my mortgage? Should I wait to purchase my new home until the Fed is done with its rate cuts? I’ve been thinking of refinancing, but should I hold off on this [...]

Filed under: Grand Rapids, Grand Rapids Home Loans, Grand Rapids Resource | Tagged: Fed Rate Cut, Grand Rapids Homes For Sale | Leave a Comment »