BMOT 11-29-23 | Conf Loan Limit to Increase

Welcome back, everyone! In this week’s Broker Minute, Matt Barton shares some valuable insights as we head into December. He emphasizes the importance of December in shaping your following year and suggests taking advantage of the three weeks available for business-related activities before the holiday season takes over.

One of the key highlights of this video is the announcement that Fannie Mae and Freddie Mac are increasing the loan limits by 5.5% starting from January 1st. This means the conforming loan limit will be $766,555 in most areas, a $40,000 increase from the previous year. Matt explains that this annual adjustment is based on the average year-over-year increase in sales prices across the country.

The impact of this increase is discussed, highlighting how it provides potential buyers with more flexibility and the ability to purchase larger homes without dealing with the additional requirements of jumbo loans. Matt aims to equip his viewers with valuable information and talking points for their real estate conversations, emphasizing the importance of being well-informed in the business.

Stay tuned for more insightful updates from Matt Barton, and make the most of the upcoming weeks to prepare for a successful year ahead. Don’t forget to like, subscribe, and share this video with your network!

*Automatically transcribed by AI from a video featuring Matt Barton.