Mortgage Rates - May 2011USDA Guaranteed Rural Housing informationMortgage rates dipped to their lowest levels of 2011 on the Thursday and Friday before Memorial Day, and are now at the lowest levels since November 2010. As home prices remain under pressure due to an ample supply of sellers, there is now an affordability trifecta of sorts: Lower Rates, Lower Home Prices, and Lots of Inventory to Choose from. The buying season is in full swing in Asheville, NC, and all price ranges are seeing nice activity. 100% financing is still available via the USDA Guaranteed Rural Housing mortgage program. Rates are lower than market for USDA and FHA loan programs because of the government guarantee offered to lenders. Plus, about half of Buncombe County and ALL of the surrounding counties are eligibile for USDA financing. NOTE that specific property eligibility should be researched and that I'm happy to be a resource should anyone have questions. In addition, adjusted income eligibility limits for the USDA Guaranteed RH loan program goes all the way to $74,050 for a 1-4 person household, and up to $97,750 for a 5-8 person household. Changes to this program are set to begin in Oct. 2011. What changes do you think should occur and why? May 29 2011 - Asheville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.