Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 years, she covers money management, insurance, investing, banking and personal stories. An AFC® accredited financial ...

Currently, the average interest rate on a 30-year fixed mortgage is 6.31%, compared to 6.32% a week ago, according to the ...

This is the result of FHA's update to the baseline conforming loan limit in high-cost areas topping $1 million. More than 2 million homes nationwide no longer require a jumbo loan, giving homebuyers ...

CoreLogic provides data on home equity and jumbo loan origination volume for the first half of 2024 Home equity has been the silver lining among the persistent rise of home prices and elevated ...

The summer collapse of the subprime lending market, which sent shock waves through the mortgage industry, is now affecting customers who want to purchase or build costlier homes. So-called "jumbo" ...

Most mortgage programs feature limits that determine how much you can borrow. If you want to buy a property priced above those limits, you may need to take out a jumbo loan. Jumbo loans have stricter ...

A jumbo mortgage refinance is similar to refinancing a conventional home loan, though it comes with stricter eligibility requirements. A jumbo home loan is a mortgage that exceeds Freddie Mac and ...

Aly J. Yale is a contributor at Buy Side and an expert on real estate, mortgages, investing and home renovations. Updated September 6, 2024, 5:07 PM EDT If you’re in the market for a new home, you’ve ...

Text Callout : Key Takeaways - What Is the 2025 Conforming Loan Limit? The conforming loan limit is the maximum amount of money a homebuyer can borrow using a conventional mortgage that's eligible for ...

Jumbo loans are mortgages that exceed the limits set by the Federal Housing Finance Agency and thus can’t be purchased by Fannie Mae or Freddie Mac. In most parts of the country, a jumbo loan is a ...