Here’s what to expect in the housing market this year CNN Business

Washington, DC CNN — Last year was a wild ride in the US housing market. Mortgage rates have doubled and sales fall, triggering the longest month-to-month decline on record. Many buyers and sellers watched from the sidelines. Throughout 2022, the Federal Reserve raised interest rates to a record high to slow the economy and drive … Read more

Mortgage lenders raise loan limits to record level for 2023 | CNN Business

Mortgage giants Fannie Mae and Freddie Mac will raise government-backed loan limits to a new level for 2023, with the maximum loan limit exceeding $1 million for high-cost properties, the announced by the Federal Housing Finance Agency on Tuesday. Even if the real estate market has cooled due to high mortgage rates this year, home … Read more