Conforming Loan Limits Raised!
More Buying Power for Homebuyers in 2025: Conforming Loan Limits Raised to $806,500! Big news for homebuyers—your purchasing power just got a boost! The Federal Housing Finance Agency (FHFA) has announced an increase in the conforming loan limit for single-family homes to $806,500 for 2025, up 5.2% from 2024’s limit of $766,550. This means […]
Why Aren’t Mortgage Rates Dropping Even When the Fed Cuts Rates?
With all the news about the Federal Reserve lowering rates, you’d think mortgage rates would be plummeting. Unfortunately, it hasn’t quite played out that way—mortgage rates have actually been inching up! So, what gives? Fed Cuts vs. Mortgage Rates: A Misunderstood Relationship The Fed recently lowered its benchmark rate in hopes of making borrowing more […]
How the 2024 Election Could Impact Your Mortgage Rates
With the presidential election around the corner, mortgage rates might be feeling the effects, depending on who wins. Here’s a quick look at what could happen: Rates Are Rising Mortgage rates have increased in recent weeks, influenced by market expectations about possible election outcomes. Inflation Concerns Some economic proposals—like tariffs, changes to immigration […]
Navigating California’s Insurance Crisis
Navigating California’s Insurance Crisis: How Our Mortgage and Insurance Partnerships Keep Your Home Purchase on Track California’s insurance crisis is now disrupting the housing market in serious ways, with nearly one in seven home sales affected. Buyers are struggling with limited coverage options, high premiums, and in some cases, the inability to secure any insurance […]
Stay Ahead with Rate Alerts
Stay Ahead of the Market with the California Employee Loan Program (CELP) Team at Fairway Independent Mortgage Corp. The California Employee Loan Program (CELP) Team at Fairway Independent Mortgage Corp. is proud to introduce a new service designed to make homeownership more accessible for public employees across California. Our innovative Mortgage Rate Alert Service tracks […]