In the latest quirk of the pandemic mortgage market, rates for jumbo loans are holding below those for conforming loans. The average rate on a 30-year jumbo loan was 3.65 percent in Bankrate’s latest national survey, compared to the 3.76 percent average for conforming mortgages. Jumbo loans rarely offer a […]
conforming
DC-area conforming loan limits to rise to nearly $1 million
The Federal Housing Finance Agency has set conforming loan limits for 2022, or the maximum amount of a mortgage Fannie Mae and Freddie Mac are allowed to purchase. The Federal Housing Finance Agency has set conforming loan limits for 2022, or the maximum amount of a mortgage Fannie Mae and […]