My Dear Friends, here is another market update for you: 1. The 2015 maximum Conforming single-family loan amount will remain unchanged at $417,000. 2. The maximum FHA loan amount in metro-Atlanta remains at $320,850. 3. Fridays Employment Report was very strong with 321K jobs added in November. With a month to go, 2014 is on track for the fastest yearly pace of job creation in 15 years! 4 The Unemployment Rate was flat and remains at 5.8%. 5. There were slightly more new homes sold in October than in September. New home prices are up, too, and supply remains steady. 6. Overall pending home sales continue on their mostly flat trajectory. October saw a small dip after Septembers slight rise. Rate Update Rates remain flat despite a little upward pressure from US economic data and a little downward pressure from weakness in Europe. The 30 Year Fixed-Rate remains at 4% Conforming (4% APR) and 3.75% FHA (5.237% APR). This Week The JOLTS report is due out on Tuesday, Retail Sales on Thursday, and Producer Price Index (PPI) on Friday. If you like what you read, please forward. To unsubscribe, please notify me at james.williamson@sheltermortgage. The information contained herein is believed to be accurate, however, no representation or warranties are written or implied and the information is subject to change without notification. All Rights Reserved. * APR calculations are based on a $200k sales price, 3% seller paid costs, and a down payment of 20% for Conventional and 3.5% for FHA.
Posted on: Mon, 08 Dec 2014 14:32:44 +0000
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