Cherry Creek Mortgage
Commentary 15 December 2017

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - 12/15/2017

A big week for news, especially for mid-December, but so scattered across the economic spectrum that sorting important versus not takes some work. If only because these will be the most important two words in…

The Fed Raises Rates as the Economy Continues to Show Strength
Mortgage News 15 December 2017

The Fed Raises Rates as the Economy Continues to Show Strength

The Federal Reserve has raised the Prime Rate (Fed Funds Rate +3%) for the third time this year. The move was widely expected by markets and there was little change to mortgage interest rates overnight…

Straight Stats 15 December 2017

Rates Flat Despite Fed Rate Hike

Mortgage interest rates were mostly flat on the week despite the Fed raising the Fed Funds rate by 0.25% after its FOMC meeting.  The Fed cited the strong labor market as the reason for the…

VA Loan Limit Increases
08 December 2017

VA Loan Limit Increases

The Veterans Administration has announced that its loan limits for 2018 will follow those recently published by the Federal Housing Finance Agency for conforming loans. The VA uses FHFA's limits to determine the amount a…

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