January 14, 2021
Recently the Federal Housing Finance Agency (FHFA) announced that conforming 2021 loan limits will be increased for 2021. The maximum amount for the lower 48 states for one-unit properties will be raised to $548,250 from $510,400. In high-cost counties, such as Orange County, the maximum high-balance mortgage will be $822,375, up from $765,600. This is
December 14, 2019
Recently the Federal Housing Finance Agency (FHFA) announced that conforming loan limits will be increased for 2020. The maximum amount for the lower 48 states for one-unit properties will be raised to $510,400 from $484,350. In high-cost counties, such as Orange County, the maximum high-balance mortgage will be $765,600, up from $726,525. This is good
June 21, 2019
This month mortgage interest rates have mostly paused their steady decline for now. While the Federal Reserve did not cut interest rates at their most recent meeting, they did indicate a willingness to reduce rates in the future. Economic data has not been as strong this year and concerns led them to change their assessment
September 22, 2018
Shannon Gray – Saturday, September 22, 2018 As is common for this time of year, the amount of homes for sale has increased and demand has decreased. In Orange County we have seen a 23% increase in inventory since this past Spring. There are presently 7,070 homes for sale as compared to 5,730 in May.
February 22, 2018
Shannon Gray – Thursday, February 22, 2018 Now that mortgage interest rates have climbed to their highest levels in 4 years, you may ask, “Will rates continue to climb? And what impact will that have on the housing market?” Most economists and experts believe mortgage interest rates will most likely continue to slowly increase. If
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