Mortgage Loan Limits Increase Again, Making Million-Dollar Homes Increasingly Within Reach

Forbes, Nov. 28, 2024–Amy Rose Dobson
The average loan amount for new conforming loans has been on an upward trend over the past month, rising to $439,200 last week, according to the Mortgage Bankers Association. With next year’s threshold now within 80% of a seven-figure purchase price, million-dollar homes are going to be within reach for more people.
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