For the average American, buying a home has felt impossible during the past couple of years, but potential buyers are feeling hopeful in 2024. After years of feeling priced out of the market, potential homebuyers are feeling optimistic again, according to a new report.
MCLEAN, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.67 percent.
Growers and winemakers’ patience with the long harvest was rewarded with an exceptional, age-worthy vintage. Harvest at the Renteria 360 Vineyard in Oakville, California. (Photo by Sarah Anne Risk/Napa Valley Vintners ) SAINT HELENA, CA — Coming off the heels of the longest Napa Valley growing season in a decade, vintners were glowing with the expectancy of the truly noteworthy 2023 vintage.
The Federal Housing Finance Agency (FHFA) announced it will increase the 2024 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $766,550 on one-unit properties and a cap of $1,149,825, in high-cost areas. The previous loan limits were $726,200 and $1,089,300, respectively.
Nervous nights are over in Napa Valley. The 2023 vintage looked potentially special for months – if nothing went wrong. Well, now it’s done, and not only did nothing go wrong – winemakers have finally had time to pause for breath, and they realize that ultimately, just about everything went right.