Higher conforming limits move over 2M homes out of jumbo market
The increase in the conforming loan limits for 2023 pulled over 2 million homes out of the jumbo financing market, a Zillow Home Loans analysis found. On Jan. 1, the baseline single-family conforming limit rose 12% to $726,000, with the limit in high-cost areas approaching $1.1 million. The Federal Housing Administration’s high cost limit also … [Read more…]