The Washington State Housing Finance Commission has announced that the available funds for mortgage credit certificates (MCC) will be reduced in 2o16. They estimate that the remaining funds will be reserved by the end of March (possibly sooner) and that after the available funds are all reserved, home buyers can go on a wait list. The fee for the MCC is increasing in 2016 as well.
Archives for December 2015
MCC (Mortgage Credit Certificate) wrapping up in 2016
What May Impact Mortgage Rates this week: December 28, 2015
Mortgage Insurance Tax Deductible for 2015 and 2016
What May Impact Rates this week: December 21, 2015
This is a short week with the Christmas holiday rapidly approaching. With many traders being on vacation for the holidays, we will most likely see additional volatility through the end of this year. Next week will be a short holiday week as well.
Here are some of the economic indicators scheduled to be released this week that may impact the direction of mortgage interest rates:
2016 VA Loan Limits for homes in Washington State
How the Fed impacts Mortgage Rates [LIVE MORTGAGE RATE POST]
What May Impact Mortgage Rates this Week: December 14, 2015
2016 FHA Loan Limits for homes in Washington State
HUD has just announced FHA loan limits for 2016. Loan amounts were increased for King County, Pierce County, Snohomish County, Clark County and Skamania County.
All other counties have the same loan limits as they did in 2015.
2016 FHA loan limits for King, Pierce and Snohomish Counties are the same as 2016 Conforming High Balance loan limits.
Here is a complete list of FHA loan limits for all counties in Washington:
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