Home mortgage rates are trending downwards and presenting homeowners with an opportunity. Freddie Mac says rates are at their lowest levels since 2004 (from MarketWatch): SAN FRANCISCO (MarketWatch) — Freddie Mac said Thursday that the 30-year fixed-rate mortgage average dropped from a week ago to a four-and-a-half year low as bond yields declined. The 30-year [...]

The temporarily increased conforming loan limits have been released. As you may recall this is part of the $168 billion Economic Stimulus Plan which was rushed through Congress last month. Here is an excerpt from the statement issued by the Office Of Federal Housing Enterprise Oversight (OFHEO): TEMPORARY CONFORMING LOAN LIMITS RELEASED FOR HIGH-COST AREAS [...]