Mortgage rates retreat from 2022 highs!!

To keep up with today’s competitive housing market, the Federal Housing Finance Agency has announced an increase in the maximum conforming mortgage loan limits for 2023.  This is in response to the unprecedented rise in home prices we have seen this year.

For 2023, the limits for much of the country will increase from $647,200 to $726,200 for single family homes (and over a million dollars in high cost locations).