This graph was created from data obtained from the Federal Reserve. In addtion to the 10 year, month by month fixed rate home mortage interest rate there is a 12 month moving average to provide a smoothed trendline.
Katie Wethman's Thoughts on Washington, DC and Northern Virginia Real Estate has an excellent entry on the difference between a Conforming, Jumbo, and FHA loans. I didn't realize that the point at which a loan became a "Jumbo" loan was when Fannie and Freddie could not buy the loan--the present limit is around $417,000.
By Peter G. Miller
Have you ever looked at the paperwork you get when financing or refinancing a home?
Really. No kidding. Have you ever read the stuff people want you to sign?