Conforming Loan Limits Increased to $715,000
2022 Confirming loan limits for single-family homes have been $647,200 with High Balance at $879,750 in San Diego County and $970,800 in Orange and LA Counties.
Each year, The Federal Housing Finance Agency calculates the maximum loan amount according to guidelines set by the Housing...
How Owning a Home Builds Your Net Worth
Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building...
FED Update | Inflation and Interest Rates
This past week, FED Chairman Jerome Powell confirmed that the Federal Reserve must continue to raise interest rates and hold them at a higher level until they are confident inflation is under control, even if unemployment rises, stating, “we will keep at it until we are...
Now is the Smart Time To Purchase
Now that interest rates have dropped, buyers have more negotiating and purchasing power. Yet, as interest rates fall further, this buying power and negotiating power will begin to evaporate as more buyers come back into the market.
There is high buyer activity among...
The Fed’s Raise on Interest Rates May Be Good for Mortgage Rates!
What the Fed Rate Decisions Mean for Mortgages May Not Be What You Are Hearing in the Media.
When the Fed raised interest rates by .75% to help reduce inflation, the general media/social media "experts" had everyone expecting it to affect mortgage interest rates. This is not the case....