The loan limit increase mirrors rising house prices, which went up 12% from September 2021 to September 2022, according to the agency.
Author: Swapna Venugopal Ramaswamy, USA TODAY
Home equity line of credit and home equity loans: ‘Right tool at the right time’
A HELOC allows homeowners to borrow as much as 85% of the value of the home, and repay and redraw as needed.
EXCLUSIVE: Homes with high wildfire risk are selling for $178,000 more than low-risk homes
Homeowners who are putting affordability and desirability of a property ahead of safety concerns when it comes to home buying decisions, per Redfin
Housing market grinding to a halt? High mortgage rates bring sales and listings down
The 7% house price decline from June to September was more than double the rate of decline during the same time-period in 2021, when it fell by 3.1%.
Hurricane Ian: Here’s how renters can avoid panic and prepare for natural disasters: Severe storms, wildfires
When disaster strikes, here’s what a renter needs to know about preparing for extreme weather events such as rent abatement and lease termination.
Exclusive: Fannie Mae to announce plan to bolster renters’ credit scores
About 45 million consumers may be denied access to credit because they don’t have scorable credit records: Fannie Mae wants to help
Home prices decline at rates seen close to a decade ago
As prices continue to decelerate, a 3% or lower year-over-year increase in median prices by December is possible, one expert thinks.
Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?
Builder confidence in the market for newly built single-family homes falling fast. Single-family permits are now down 25% from their peak in February.
Mortgage applications are down 23% from a year ago. What does that mean?
Homebuyers are grappling with home prices that are still soaring amid rising inventory, falling home sales and volatile interest rates.
‘Brutal’ housing prices hit America’s Zoom towns – markets once flourishing in the pandemic
Setting seller expectations has been the biggest challenge to navigate in the slowing Zoom town markets, say real estate agents.