Conforming Lock Volumes Hit New Low In December
As borrowers increasingly rely on government and non-conforming loans, the GSE market has shrunk dramatically
As borrowers increasingly rely on government and non-conforming loans, the GSE market has shrunk dramatically
The 5.2% increase from 2024's ceiling of $766,550 is less than 2024's 5.5%.
Early-stage origination data show homebuying continues to stagnate, even as prices fall.
This is the result of FHA's update to the baseline conforming loan limit in high-cost areas topping $1 million.