Fannie Mae new 2006 Conforming Loan Limit

News Release
November 29, 2005

Fannie Mae Announces 2006 Conforming Loan Limit of $417,000

WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today announced that it will apply new conforming loan limits, as determined by the Office of Federal Housing Enterprise Oversight (OFHEO) based on federal data on mean (average) home prices, to increase its single-family mortgage loan limit to $417,000 for 2006.

As a result of the new loan limit, Fannie Mae estimates that in 2006, as many as an additional 466,326 homeowners would be eligible for a conforming loan.

Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most.

Fannie Mae, November 29, 2005
www.FannieMae.com

Happy Thanksgiving!

Thank you for your support of my business. I wish you and your family a happy and healthy Thanksgiving holiday!

Sincerely,

Jill Stoltzfoos
jstoltzfoos@cbmove.com

The Cost of Staying Warm

Brrr! With the cold months arriving and gas prices rising it maybe wise to plan ahead. Washington Gas provides practical tips on preparing your home for the cold. To help ease the burden of increased gas bills this winter, read about their year round payment program.

Stay warm!

"Tracing the Origin of Spaces" (an article review)

Washington DC and the surrounding areas are full of history and stories. Famous and influencing people have walked these streets. Our homes and buildings may hold interesting tales of history. If this interests you,
"Tracing the Origin of Spaces" will give you a game plan for researching your homes' history. Learn who first owned your home, the original price and how to discover this information.

"Tracing the Origin of Spaces"
Washington Post
Terri Rupar
Saturday, November 19, 2005

Mortgage Rates Today

Freddie Mac's latest survey reports the average for 30-year fixed mortgage rates this week are at 6.36%.

Fifteen-year mortgage rates are at 5.89%.

One-year treasury-indexed ARMs are at 5.12%.

Five-year Treasury-indexed hybrid ARMs are at 5.81%.

Bobbi Dickerson, loan officer
Preferred Mortgage

Specialty Mortgages

With rising home costs, lenders have been offering specialty mortgages to give buyers some flexibility with their monthly payments.
Some examples of Specialty Mortgages:
* Interest Only Mortgage: Borrower pays only the interest accrued with no money going toward the principle loan.
* Option Payment ARMs: Borrower pays a significantly lower interest rate for a set time frame (typically 1-5 years). At the end of the term the borrower assumes the then current market rate.
* 40 year Mortgage: Instead of the typical 30 year mortgage, this extends the life of the loan to 40 years bringing down the monthly mortgage costs.

For more information about these and other loans available please contact
Bobbi Dickerson, Loan Officer with Preferred Mortgage.
703-212-8000
dickersonb@prefmtg.com