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The month in reverse mortgage rates: April 2024

Housing Wire

of a prospect’s home value. For example, a prospect with a $500,000 home could see their principal limit drop by an average of $3,000 (0.6%) from a 1/8% increase in expected rate. of the appraised value of the home. When looking up the borrower’s principal limit factor, we would use 6.75%. Example With a 2.5%

Mortgage 357
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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. However, home prices increased 5.56% on average between the third quarters of 2022 and 2023.

Finance 533
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The month in reverse mortgage rates: March 2024

Housing Wire

This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. March 2024 update Early in February, we saw a lower weekly average 10-year CMT (4.01%). Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower.

Mortgage 403
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Affordability, inventory, rates: An economist’s 2024 housing outlook

Inman

Windermere Real Estate Chief Economist Matthew Gardner offers his 2024 forecast for interest rates, home values and the potential for a housing market recovery.

Inventory 143
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Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.

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Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

homes, valued at $19.7 “It’s important for people to fully understand the climate risks that a home faces not only in the present, but in the future, so they can make the most informed decision for one of the biggest purchases and investments they will make in their life.” In 2024, 32.5% ” U.S.

Tools 436
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7 best real estate schools in Florida (FL) for 2024

Housing Wire

For more tips on getting your real estate license in Florida, news about home values across the country, and the information you need to know to start and advance your career in real estate in the Sunshine State, you can count on HousingWire. This is the equivalent of $32.31 per hour, $1,292 per week, or $5,600 per month. [2]