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FHFA conforming loan limits increase to $766,550 in 2024
The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% compared to the current limit of $726,200, the Federal Housing Finance Agency (F... ...more
Mortgage News
November 29, 2023•3 min read
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
SINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with “any form” that new banking regulations end up taking, but added he expects some watering down before ... ...more
Business ,Investments &Mortgage News
November 19, 2023•4 min read
‘Mansion tax’ prevails in court as judge dismisses lawsuit challenging Measure ULA
An L.A. County judge dismissed a lawsuit challenging L.A.’s “mansion tax” on Tuesday, marking the end of a months-long legal challenge from the luxury real estate community that looked to declare the ... ...more
Mortgage News
November 15, 2023•4 min read
A tenant stopped paying rent and listed his landlord's home on Airbnb. The landlord is now stuck living in his van.
A Washington landlord who rented out his home to pay for pilot school says he's now living in his van because he can't evict his tenant, who he claims owes nearly $50,000 in unpaid rent from the last ... ...more
Business ,Investments &Mortgage News
November 13, 2023•5 min read
US 30-year mortgage rate plunges by most in nearly 16 months - MBA
Nov 8 (Reuters) - The interest rate on the most common type of U.S. residential mortgage plunged last week by the most in nearly 16 months on the back of a rally in the Treasury market that drove down... ...more
Mortgage News
November 10, 2023•2 min read
The housing market is starting to crack—Sellers are cutting prices at record levels as ‘You can no longer price based off of where sales were’
There’s something frozen about this housing market. “Zoom towns” like Boise and Austin aside, home prices nationwide have just refused to drop. Existing-home prices are on their seventh consecutive mo... ...more
Mortgage News
November 07, 2023•5 min read
To fight climate change and housing shortage, Austin becomes largest U.S. city to drop parking-spot requirements
Austin on Thursday became the largest city in the country to stop requiring new developments to have a set amount of parking — a move aimed at both fighting climate change and spurring more housing co... ...more
Mortgage News
November 05, 2023•5 min read
Federal jury verdict on broker fees rocks real estate industry
A federal jury in Kansas City on Tuesday found the National Association of Realtors (NAR) and some of the largest real estate brokers in the country guilty of colluding to inflate real estate commissi... ...more
Mortgage News
November 02, 2023•3 min read
Goldman just dropped a housing market forecast for 2024 and sees high home prices, high mortgage rates—and the lowest number of existing home sales since the early ’90s
One thing has been true about home prices since the pandemic began: They just keep going up across the country. In 2023, this has persisted even as mortgage rates more than doubled from the 3% range t... ...more
Mortgage News
October 25, 2023•4 min read
Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers
Morgan Stanley analysts previously expected national home prices to fall 4% in 2023, as the housing market continued to crater, and reaffirmed their pessimistic forecast in April of this year. But the... ...more
Mortgage News
October 21, 2023•4 min read
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Kirk Jaffe Enterprises, Inc.
195 Highway 50, Ste 104-476
Stateline, NV 89449