Real Estate Blog for Buyers and Sellers - Ben Tapia - LPT Realty

Mortgage Rates Inch a Bit Higher this Week

After four weeks of declines, the average rate for a 30-year, fixed-rate mortgage rose to 6.12% from last week’s 6.09%. It may suggest some short-term stability. McLEAN, Va. – The average long-term U.S. mortgage rate ticked up slightly this week after four weeks of declines, a possible sign of stabi

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Conventional Loan Limit

2023’s New Conventional Loan Limit: $726,200 By Kerry Smith FHFA announced new conforming loan limits for 2023, and most buyers can borrow up to $726.2K without a jumbo loan – and it’s over $1M in some areas. WASHINGTON – Fannie Mae and Freddie Mac – which back a majority of U.S. home loans – have a

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