Wed, 27 November 2019
Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall. Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months. Key Takeaways: [2:11] Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000 [7:03] Conforming loan limit increases generally lead to home price inflation [10:54] The higher loan limit might impact hybrid markets more than cyclical [14:57] Insights from Voxer messages left by listeners [18:33] Technology is increasing the value of our properties Adam Mortgage Minutes: [24:57] Current rates for a $100,000 property with 20 or 25% down [28:22] How might rates react if we see weakening in the economy that some are predicting in 2020? [30:08] Mortgage starts don't seem to be slowing down for investors Website: |