Hot housing market forces Fannie and Freddie to lend $1 million per home

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

日本 ニュース ニュース

The government's response to making homeownership more attainable is buying $1 million mortgages

Mortgages are pretty expensive right now. Even the government is shelling out more and more for them.

Since the 2008 law passed, the government-sponsored enterprises Fannie Mae and Freddie Mac have had to keep something called"the conforming loan limit" close to the going rate for houses in markets around the country. The law is meant to make it easier for homebuyers to borrow cash. In areas where median home values are much higher than the baseline limit, the ceiling for one-unit properties will be $970,800, according to FHFA. That higher limit will be effective in 102 counties starting next year. Metropolitan hubs in California, New York, and Washington, DC host most of the pricier counties.Federal Housing Finance Agency

. While that's up from the four-decade low of 32% seen in September, it still signals sour attitudes toward the white-hot market.estimates home-price inflation peaked in the third quarter and will move lower over the next two years. Price growth will remain historically high in 2022, but inflation in 2023 should be some of the weakest the market has seen in nearly a decade, Fannie Mae's economists said.

 

コメントありがとうございます。コメントは審査後に公開されます。

Winner of Dr Evil clickbait headline award

政府为使房屋所有权更容易实现而采取的对策是购买100万美元的抵押贷款

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

What companies need to know about the threat of cyberattacksCyberattacks threaten the corporate world. Here's what companies need to know about what comes next. Presented by Code42 code42 网络攻击威胁着企业界。以下是公司需要了解的下一步内容。由Code42提交
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »