Each year, the Federal Housing Finance Agency (FHFA) sets new baseline loan limits for various types of home loans to reflect the average home price in the U.S. Conventional loans, also known as conforming loans, are guaranteed by Fannie Mae and Freddie Mac and make up most of the loans in the U.S. As you…
Posts Categorized: Mortgage News
Home loans divided into two categories: Conforming Loans and Non-Conforming Loans. And in the future, we will talk about the features of each one. But, as we head into 2020, conforming mortgage loan limits have increased. Here we explain what does that mean for borrowers looking ahead? Conforming Loan Limits in 2020 Conforming mortgage loans…
The Fed increased rates at their most recent meeting. They also indicated they will likely raise rates three additional times in 2018. Please read on for more: First, who is the Fed and what do they do? The Federal Reserve Board (the Fed), controls the Fed Fund Rate and the Discount Rate. These are charges…
You Can’t Keep a Good Thing Down Ever try to hold a life preserver underwater? It’s hard, isn’t it? It can be equally hard for the Fed to keep Mortgage rates low against a rising tide of market expectation. The Winds of Change. The Fed’s actions to keep interest rates low have worked for a…
