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FHFA Increases Conforming Loan Limits Values for 2024

FHFA Increases Conforming Loan Limits Values for 2024

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values for the mortgages on one-unit properties that Fannie Mae and Freddie Mac will acquire in 2024 will be $766,550, an increase of $40,350 from 2023. The FHFA adjusted the loan limit...
Mortgage Rates Continue to Drop

Mortgage Rates Continue to Drop

by Phil Hall | Nov 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates declined again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage is now averaging 7.29%, down from last week when it averaged 7.44%. A year ago at this time, it averaged 6.58%. The...
Mortgage Rates Drop for Third Straight Week

Mortgage Rates Drop for Third Straight Week

by Phil Hall | Nov 16, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to decline for the third consecutive week in the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last week when it averaged 7.5%. A year ago at this...
FHFA Sets 2024 Multifamily Loan Purchase Caps at $70 Billion Per GSE

FHFA Sets 2024 Multifamily Loan Purchase Caps at $70 Billion Per GSE

by Phil Hall | Nov 14, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each government-sponsored enterprise (GSE), for a combined total of $140 billion to support the multifamily market. FHFA...
Mortgage Rates Go Into a Slump

Mortgage Rates Go Into a Slump

by Phil Hall | Nov 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were in decline this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.5% as of Nov. 9, down from last week when it averaged 7.76%. A year ago at this time, it...
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