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…
Categorized: Mortgage News
Home loans are 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 means for borrowers looking ahead? Conforming Loan Limits in 2020 Conforming mortgage…
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 for overnight loans from bank to bank or from the Fed to member banks. You Can’t Keep a Good Thing Down Ever try to hold a life…
