Feds Boost Mass. Conforming Loan Limit to $832K
The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices.
With Lower Mortgage Rates 2024 Can Be a ‘Fine Year’ for Residential Lending
The increase in conforming loan limits for 2024 set by the Federal Housing Finance Agency, will make it easier for homebuyers to take on the higher mortgage loans needed to buy a home in a highly priced market like Massachusetts.
Mortgage Lenders Welcome Loan Limit Increases
While surging inflation and mortgage rates stymied the residential mortgage market this year, the industry has greeted the recent increase to next year’s conforming loan limits with optimism.
Greater Boston Conforming Loan Limit Raised to $828K
The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by 12 percent in 2023, with the limit for two Massachusetts counties exceeding $1 million.
Will FHFA Let Lenders Take Bite Out of Jumbo Market?
The mortgage market is in for another big shift in a few months. That’s when a sizable increase – roughly 12 percent or 13 percent – in the conforming loan limit appears likely to be announced.
