"Marry the house, date the rate!" Has anyone heard this one before? And by before, I mean, throughout 2022 as rates have risen and pushed most home buyers to the sidelines, bringing the real estate industry nearly to a halt? It's perhaps the most widely used marketing pitch in real estate this y...

11/29/2022

$1 Million Conventional Loans? They're here.

1 Comments

Conventional loan limits for 2023 were announced today by FHFA, and while the numbers weren't too surprising, one number that stands out is that the high cost area threshold for conventional loans has exceeded $1 million. This is important because in many high priced markets, down payment is a ...

11/29/2022

Mortgage Applications Up - What Does It Mean?

5 Comments

Why am I posting today about mortgage applications when data on them is and has been released weekly for as long as I can remember? Because this week signifies the first time application data has been released in a week where we saw a significant drop in interest rates. Mortgage rates haven't s...

11/16/2022