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FHFA Announces Conforming Loan Limit Increase In 2019

The Federal Housing Finance Agency has announced that the maximum conforming loan limits for mortgages has increased. In most of the country, the confirming loan limits will increase nearly 6.5%, from $453,100 to $484,350 for 2019. For most high-cost areas, where 115% of the local median home value exceeds the loan limit, the loan limit …

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Conforming Loan Limits Set To Increase For 2018

Last year, the conforming loan limit was set to increased to $424,100 for this year (2017). Now, most of the United States will see an increase for single unit properties to $453,100 for 2018. The HERA (Housing and Economic Recovery Act) indicates that the baseline conforming loan limit should be adjusted with the change in …

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Top 5 Financial Reasons To Buy Now

  Increasing Prices  Over the last year, home prices have increased by 7.1%, according to CoreLogic’s latest Home Price Index (HPI) report.  Over the next year, the HPI also predicts that prices will continue to rise at a rate of 4.9%. Clearly, we are long past the dip in home pricing. Home values are expected to continue to appreciate for years to come. …

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Conforming Loan Limits Set To Increase For 2017

The Federal Housing Finance Agency has announced that it is increasing the maximum conforming loan limits for mortgage loans beginning in 2017.  A mortgage loan is considered “conforming” when it is eligible to be acquired by Fannie Mae and/or Freddie Mac. (Mortgages are often sold to Fannie or Freddie so that a lender has the liquidity/money available …

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Short Sale Assistance for Military Homeowners with Orders

Washington, DC – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today announced changes to short sale policies that will make it easier for military homeowners with Fannie Mae and Freddie Mac loans to honor their financial commitments when they are required to move as part of their duty. At a news conference with Consumer Financial …

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Survey Shows Home Prices and Rent Rates Expected to Increase

We report on Fannie Mae’s Quarterly National Housing Survey every ninety days. Fannie Mae also does a monthly survey covering different aspects of the housing market. Here are some record numbers we found interesting in Fannie Mae’s March report (emphasis added). Thirty-three percent of respondents expect home prices to increase over the next 12 months, the highest level over the past 12 months. The percentage of respondents …

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The Survey Shows Americans Continue Aspiring For Homeownership

Quarterly National Housing Survey Shows that Americans of All Backgrounds Continue to Have Strong Aspirations to Own a Home Attitudes About Homeownership as an Investment, Financial Constraints, and Mortgage Accessibility May Stand in the Way of Americans’ Purchase Decisions Pete Bakel | 202-752-2034 WASHINGTON, DC – Fannie Mae’s (FNMA/OTC) latest quarterly National Housing Survey focuses …

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