WRE News November 29, 2023
Buyer
The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values for the mortgages on one-unit properties that Fannie Mae and Freddie Mac will acquire in 2024 will be $766,550, an increase of $40,350 from 2023.
The FHFA adjusted the loan limit values based on its Housing Price Index, which found house prices increased 5.56%, on average, between the third quarters of 2022 and 2023. Therefore, the baseline conforming loan limit for 2024 will increase by the same percentage.
For areas where 115% of the local median home value exceeds the baseline conforming loan limit value, the applicable loan limit will be higher than the baseline loan limit. In these areas, the new ceiling loan limit for one-unit properties will be $1,149,825, which is 150% of $766,550.
Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. In these areas, the baseline loan limits will be $1,149,825 for one-unit properties.
Stay up to date on the latest real estate trends.
Seller
September 10, 2025
If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset.
Seller
September 10, 2025
The average annual property insurance payment for single-family mortgage holders has reached nearly $2,370 per year, according to new data from ICE Mortgage Technology.
Buyer
September 9, 2025
Seller
September 9, 2025
Lifestyle
September 8, 2025
If you’re someone who is constantly swapping out the pillows on your living room couch, repainting your guest bedroom, and restyling your coffee tables, you know that … Read more
Buyer
September 8, 2025
For far too long, housing has been reduced to a prop in America’s political theater. It’s the backdrop for campaign rallies, the bullet point slipped into glossy maile… Read more
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today