POM Realty LLC

Q&A: Increasing Loan Limits in 2024 One borrower wants to know how increasing loan limits will impact a purchase on a larger home.  RICHMOND, Va. – Question: Our mortgage lender says loan limits will increase for 2024. Will this change our financing efforts since we're trying to move into a larger home? Answer: Loan limits may wel...

More Properties Listed, Supply Still Short Active listings in the U.S. climbed 4.9% in December year over year, but for-sale inventory is still below pre-pandemic levels. LOS ANGELES — The recent pullback in mortgage rates is spurring more homeowners to put their homes up for sale, though the increases so far have been too modest to return...

MORTGAGE APPLICATION VOLUME UP NEARLY 10% The new year began on a positive note for the mortgage space, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, jumped by 9.9% on a seasonally adjusted basis from one week ear...

Average Long-Term Mortgage Rates Dip for 9th Straight Week Freddie Mac says mortgage rates slid to the lowest level since May, “economy remains on firm ground with solid growth.” WASHINGTON (AP) – The average long-term U.S. mortgage rate retreated for the ninth week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to ...