2024 Conforming Loan Limits Revealed

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The conforming loan amount just got increased by the Federal Housing Finance Agency (FHFA) for loans backed by Freddie Mac and Fannie Mae. According to the FHFA, “In most of the United States, the 2024 CLL [conforming loan limit] value for one-unit properties will be $766,550, an increase of $40,350 from 2023.” That’s an increase of 5.56% which equates to the increase in their Home Price Index (HPI) between the third quarters of 2022 and 2023. For more expensive markets such as the San Francisco Bay Area, it's as high as $1.15M. • In today’s video, I’m joined by Jim Black (‪@meetjimblack‬) discuss what this means for homebuyers. Thank you for watching the video! I appreciate you. Please like, share this video and subscribe! • ➜➜➜ Inquiries for my video editing business: email me at [email protected] • ➜➜➜ Get Connected To a GREAT Real Estate Agent or Mortgage Advisor here: • http://www.realestateteamfinder.com • Interested in buying or selling a home in the greater Sacramento area? Email me at: [email protected] • Compilation of Housing Market Forecast videos: • • Housing Market Predictions • Reports I covered in today’s video: • https://www.fhfa.gov/Media/PublicAffa... • https://www.fhfa.gov/DataTools/Tools/... • To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7.1% for the current mortgage rates (at the time of filming this video for those with excellent credit). • Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge? • ---------------------------------------------------------------------------------- • Products I use and like: ad • My Gear I Use for YouTube: https://www.amazon.com/shop/jasonwalter • Tubebuddy https://www.tubebuddy.com/jason808 • Find a Virtual Assistant Here https://bit.ly/3lYRujQ • *** • Jason Walter, CPA (inactive CPA lic 103885) • Sacramento real estate agent and native • Realty ONE Group Complete (DRE 01923240) • [email protected] • ➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜ • To never miss a video about personal finance real estate related topics, please subscribe then hit the bell notification here ➜ https://bit.ly/31kAR73 • ➜ PLAYLIST: Videos about Living in Sacramento • https://bit.ly/2TkXZSh • Moving to Sacramento? Top 10 Reasons to Move Here: • • Moving to Sacramento? Top 10 Reasons ... • 5 Pros Cons of Living in Sacramento: • • 5 Pros Cons of Living in Sacramento • Royalty Free Music from Bensound • Disclaimer: • Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. • This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty ONE Group Complete in California under DRE 01923240. • #mortgage #homeloan #housingmarket

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