The Veridian Blog

Happy Holidays!

To everyone’s surprise, the Fed decreased the Fed Funds target rate all the way down to 0-0.25% last Tuesday, further igniting an already hot refinance market.  That’s all I have time for… gotta go… call me for rate details – and you’ll understand!

Remember that the 2009 Conforming loan limits are already in effect – loan amounts up to $625,500 are eligible for sale to the GSEs.  In similar fashion to last year’s “Jumbo-Conforming” loans, all lenders have implemented a third pricing tier for loan amounts between the traditional conforming loan limit of $417,000 and $625,500.