|
Conforming Loan Limits
30 Year Fixed
7/1 ARM
5/1 ARM
5/1 Interest Only
Jumbo Loan Limits
30 Year Fixed Jumbo
7/1 ARM Jumbo
5/1 ARM Jumbo
5/1 Interest Only
Research
Online Electronic
Appraisal

Federal Funds Rate History
Unemployment Report History
Home Equity Line
Prime Rate History
A California State website with helpful information for homeowners who are
experiencing difficulty in
keeping payments current:
http://www.yourhome.ca.gov/
http://www.sucasa.ca.gov/.
|
Release Date: January
30, 2008
For immediate release
The Federal Open Market Committee decided today to lower its target for
the federal funds rate 50 basis points to 3 percent.
Financial markets remain under considerable stress, and credit has
tightened further for some businesses and households. Moreover, recent
information indicates a deepening of the housing contraction as well as
some softening in labor markets.
The Committee expects inflation to moderate in coming quarters, but it
will be necessary to continue to monitor inflation developments carefully.
Today’s policy action, combined with those taken earlier, should help to
promote moderate growth over time and to mitigate the risks to economic
activity. However, downside risks to growth remain. The Committee will
continue to assess the effects of financial and other developments on
economic prospects and will act in a timely manner as needed to address
those risks.
Home Equity lines based on the Prime Rate will
benefit immediately
30 Year mortgage rates move at a different pace
and do not always follow rate cuts.
|