The new conforming loans limits for mortgages that can be acquired by Fannie Mae and Freddie Mac were announced this morning by the Federal Housing Finance Agency (FHFA). As expected, the changes reflect the nearly unprecedented price gains over the last year. Earlier today FHFA posted third quarter changes in its Housing Price Index (HPI). Between the third quarter of 2020 and 2021 the expanded-data index (slightly different than the regular HPI) had grown by an average of 18.05 percent . The baseline conforming limit will be higher by that same percentage. The limit for single-family residential units in most U.S. counties, effective January 1, 2022, will be $647,200 . This is an increase of $98,950 from the $548,250 limit this year. The baseline limit for properties containing two units

November 30, 2021 Download our Mobile App: Download our Mobile App: Housing News 2022 Conforming Limits Rise 18 Percent to $647,200 The new conforming loans limits for mortgages that can be acquired by Fannie Mae and Freddie Mac were announced this morning by the Federal Housing Finance Agency (FHFA). As expected, the changes reflect the nearly unprecedented price gains over the ... (read more) Housing News Mortgage Profits Rebound from Q2 Slide While the profits were nowhere near 2020 levels, independent mortgage banks and mortgage subsidiaries of chartered banks reported their third quarter 2021 gains did improve on those in Quarter 2. The report from the Mortgage Bankers Association (MBA)... (read more) Rob Chrisman ECOA, Coaching, Title, Verification Tools; Events This Week; Rates Driven by COVID Variant News Brian C. writes, “I was surprised when I got my new Tesla, instead of the new car smell, it had an Elon Musk.” Tesla was founded 18 years ago. Time flies. For 20 months now mortgage rates have been driven by pandemic news, like Moderna&rs... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 MBS / Treasuries UMBS 30YR 5.5 101.09 -0.04 MBS Price Change UMBS 5.0 99.34 -0.13 UMBS 5.5 101.09 -0.04 UMBS 6.0 102.45 -0.04 GNMA 5.0 99.76 -0.07 GNMA 5.5 101.09 -0.04 GNMA 6.0 102.09 -0.04 Pricing as of: 9/8 12:01AM EST 10 Year US Treasury 4.0972 +0.0105 US Treasury Yield Change 2 YR Treasury 3.526 +0.008 5 YR Treasury 3.603 +0.014 7 YR Treasury 3.813 +0.013 10 YR Treasury 4.097 +0.011 30 YR Treasury 4.782 +0.012 Pricing as of: 9/8 12:01AM EST Latest Video November Chicago PMI comes in lower than expected There's nothing new in Powell's testimony, says, fmr. Dallas Fed President ... The 9am Bond Report - November 30, 2021 It's a 'fool's journey' to try to time the market, says Ray Dalio Around the Web Reuters Powell puts faster bond-buying taper on Fed's Christmas table CNBC Watch Yellen and Powell testify live before Senate Covid panel CNBC Here's why unemployment claims hit their lowest level since 1969 Reuters Powell, Yellen head to Congress as inflation, variant risks rise CNBC Euro zone inflation rate hits a record 4.9% for November CNBC Treasury yields slump on fresh omicron Covid variant fears Reuters Moderna CEO warns COVID-19 shots less effective against Omicron, spooks markets FHFA FHFA Announces Conforming Loan Limits for 2022 ($647,200) CNBC Congress hopes to avoid a government shutdown as Friday deadline approaches Calculated Risk Blog Housing Inventory Nov 29th Update: Inventory Down 2.6% Week-over-week CNBC Pending home sales rebounded sharply in October, despite rising mortgage rates Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields rise as investors monitor developments with omicron Covid variant

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