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.
Conforming Limit Hikes Will Keep Market Moving, Lenders Say
With the surge in homebuying amid a limited housing supply continuing to drive up sale prices during the pandemic, lenders and borrowers could see opportunities open up next year for larger mortgages.
Conditions Ripe for More Mortgage Lending
With the busy 2020 refi and purchase markets looking set to continue into 2021, lenders hope to lean on the investments they made last year.
