The loan limit increase mirrors rising house prices, which went up 12% from September 2021 to September 2022, according to the agency.
Author: Swapna Venugopal Ramaswamy, USA TODAY
Gannett announces layoffs in its news division, citing a ‘news cost base’ that is too high
Gannett posted a third quarter net loss of $54.1 million compared with a net income of $14.7 million in the same period a year earlier.
Home equity line of credit and home equity loans: ‘Right tool at the right time’
A HELOC allows homeowners to borrow as much as 85% of the value of the home, and repay and redraw as needed.
EXCLUSIVE: Homes with high wildfire risk are selling for $178,000 more than low-risk homes
Homeowners who are putting affordability and desirability of a property ahead of safety concerns when it comes to home buying decisions, per Redfin
Housing market grinding to a halt? High mortgage rates bring sales and listings down
The 7% house price decline from June to September was more than double the rate of decline during the same time-period in 2021, when it fell by 3.1%.
Hurricane Ian: Here’s how renters can avoid panic and prepare for natural disasters: Severe storms, wildfires
When disaster strikes, here’s what a renter needs to know about preparing for extreme weather events such as rent abatement and lease termination.
Exclusive: Fannie Mae to announce plan to bolster renters’ credit scores
About 45 million consumers may be denied access to credit because they don’t have scorable credit records: Fannie Mae wants to help
Home prices decline at rates seen close to a decade ago
As prices continue to decelerate, a 3% or lower year-over-year increase in median prices by December is possible, one expert thinks.
Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?
Builder confidence in the market for newly built single-family homes falling fast. Single-family permits are now down 25% from their peak in February.
Mortgage applications are down 23% from a year ago. What does that mean?
Homebuyers are grappling with home prices that are still soaring amid rising inventory, falling home sales and volatile interest rates.