The Federal Housing Finance Agency’s 2022 cap for conforming loans, which are eligible for lower rates, is $647,200.
The moves came weeks before the Federal Housing Finance Agency’s November 30 announcement of 2023 rates for all lenders.
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First, Rocket Mortgage, and then, United Wholesale Mortgage, have each raised their conforming loan limits to $715,000. So reports the Los Angeles Daily News.
The Federal Housing Finance Agency’s 2022 cap for conforming loans, which are eligible for lower rates, is $647,200.
The moves came weeks before the Federal Housing Finance Agency’s November 30 announcement of 2023 rates for all lenders.