How Much will the Fannie & Freddie Conforming Loan Limit Increase for 2023?With house prices up sharply again over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits (CLL) increase for 2023? And how much will the FHA insured loan limits increase? First, there are different loan limits for various…
New Home Cancellations increased Sharply in Q2First, a few quotes from some Q2 SEC filings: "We believe the recent increases in interest rates during 2022 have caused buyer apprehension, affordability concerns, and an increase in cancellations.", Taylor Morrison Q2 SEC Filing "The magnitude and speed of these recent rate…
Will 5% Mortgage Rates Cushion the Housing Market?After reaching 6.28% on June 14th, 30-year mortgage rates have decreased to 5.05% as of yesterday according to Mortgagenewsdaily.com. The 10-year Treasury yield has risen this morning, so it is likely mortgage rates will increase some today. Note: In April, I wrote:
