By Rob Chrisman
Posted To: Pipeline Press
Happy birthday to Tina Turner who turned 77 on Saturday. (I doubt if her personal information is at risk after HUD was hacked .) I bet Tina, who is a Swiss citizen, has some Swiss Francs in her bank account. In this country, there is currently about $1.8 trillion sitting in checking accounts at financial institutions across the country. That is a lot of money earning roughly, on average, $0 every year. And the markets think that a chunk of it will be siphoned off, in the eventual form of taxes, to pay for re-building roads and other infrastructure, causing inflation, causing higher rates. FHFA announced that the 2017 conforming loan limit for mortgages acquired by Fannie Mae and Freddie Mac will be increased nationwide from $417,000 to $424,100. The FHFA said its own home-price index (HPI)…(read more)
Via:: Investor Updates; Conventional Conforming Program Changes – Do Loan Limits Still Matter?
