-UWM raises conforming loan limits to $750,000
-Many other firms have taken similar action in anticipation of the FHFA’s November decision
-The FHFA is expected to announce its decision on loan limits for the upcoming year soon
As the housing market continues to rebound from the pandemic, many mortgage lenders are raising their conforming loan limits in order to meet the increased demand for borrowing. UWM is the latest to do so, raising its limits to $750,000 following the lead of many other firms. The Federal Housing Finance Agency is expected to announce its decision on loan limits for the upcoming year soon, but with borrowing rates remaining low, it is likely that we will see similar increases across the board.
You can read this full article at: https://www.housingwire.com/articles/uwm-raises-2024-conforming-loan-limits/(subscription required)
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