Inflation has been dominating headlines for much of 2022. Federal Reserve policy decision making and rate hikes have contributed to some of the most quickly appreciating mortgage rates we have seen in years. There is a reason for it, whether we like it or not. However, this week’s question is: How can inflation eventually lead to lower mortgage rates?
Even after the mass migrations of 2020 and 2021 we are still seeing people relocating to California for a variety of reasons. For those of us in real estate the top 3 reasons we have relocations to California are retirement, PCS (Permanent Change of Station for military personnel), and job change/corporate relocations.
The release date of the new FHFA fee increase would seem to be a really easy lay up in the land of early April Fools jokes; however, with the gears turning in the new calendar year we find this is actually not a joke.
Expected to be announced November 1, 2021, the projected Conforming Loan Limit for 2022 will be $625,000 for a single unit property. This is great news for many of you aspiring homebuyers who would like to get that “conforming interest rate” at what would have formerly been considered a high balance loan amount.