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Fannie Freddie Loan Limits For High Cost Counties Over a $Million in 2023

Fannie Mae and Freddie Mac conforming loan limits will jump to over a $million in January 2023. American taxpayers will be backstopping loans in expensive coastal counties for up to $1,089,300. That's up from the limit of $970,800 this year. Most conforming loans will be subject to the new loan limit of $726,200 in 2023. That's a 12.2 percent increase from the current limit of $647,200. Fannie Mae's Lender Letter (LL-2022-06) explains the nuts and bolts of the new changes. The new tables have the loan limit for single-unit structures in Denton County Texas at [...]

By |2024-05-12T14:47:26+00:00November 30th, 2022|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Market, Housing Policy, Monetary Policy, Mortgages|0 Comments
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North Texas Housing Bubble Gasping For Air

The North Texas housing bubble was gasping for air in December. Inventory continued to dry up across the Dallas Fort Worth market, helping to push median and average home prices up 9.7 percent and 12.3 percent respectively. Prices on a per square foot basis hit fresh new highs in North Texas as 2020 came to a close. Ironically we saw a bevy of Federal Reserve officials calling for more inflation in the economy last week while home prices were posting double-digit year-over-year gains. North Texas home sales were up 16 percent from December of 2019. [...]

By |2021-01-18T12:19:32+00:00January 11th, 2021|Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Housing Policy, Mortgages|2 Comments
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Adverse Market Refinance Fee Pours Cold Water On Refi Party

The Federal Housing Finance Agency (FHFA) just poured cold water on the refi party with an Adverse Market Refinance Fee. Although rates may still be near record lows, come September 1st refinance mortgages will incur an additional 0.5% fee. Both Fannie Mae and Freddie Mac will be raising their fees for refinance mortgages as part of an effort to shore up capital reserve buffers. Apparently FHFA is worried about increasing risk of the GSEs loan portfolios. There are still close to 4 million American borrowers on mortgage forbearance programs. What happens when those programs end [...]

By |2020-08-17T10:46:44+00:00August 13th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Policy, Mortgage Rates, Mortgages|0 Comments
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U.S. New Home Sales Fall 9.5% To 627,000 SAAR

The Census Bureau reported new home sales (contracts) for March at a seasonally adjusted annual rate (SAAR) of 627,000. That was 15.4 percent below the revised February rate and down 9.5% from the same time a year ago. As a reminder, the Census counts a new home sale at the time of contract signing, not the actual closing. In the context of the Covid-19 pandemic we actually have a more relevant, forward-looking indicator of new home sales activity, similar to the pending sales metric we would use in the MLS. The median new home sales [...]

By |2020-04-24T11:21:15+00:00April 24th, 2020|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Markets, Mortgages, New Home Sales, Texas Real Estate|0 Comments
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North Texas Real Estate Gets Coronafied As Fed Nationalizes Bond Market

North Texas real estate is going to get coronafied, and the coming months will reveal the extent of what looks to be lasting damage for the local real estate market.  The official press release estimates compiled by the A&M RECenter and regurgitated by major media outlets pegged March home sales for a 4 percent increase. It's important to keep in mind these press release numbers are statistical estimates which run off of algorithms accounting for late closings. Sometimes the padding added for late closings or contract activity is overdone, and I believe March is one [...]

By |2020-04-12T13:07:14+00:00April 10th, 2020|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Employment, Housing Market, Housing Policy, In the Press, Markets, Mortgages, Pending Home Sales, Spin Cycle|0 Comments
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Market Chaos Hits Mortgage Market, iBuyers Disappear

Chaos is hitting the mortgage markets, and iBuyers have suddenly disappeared from the real estate landscape quicker than a cat on a hot tin roof. The Fed is in utter panic mode, and we are only beginning to find out how fragile the U.S. economy really is. Here's the QE to Infinity announcement from the Fed: "Federal Reserve announces extensive new measures to support the economy." If you thought the Fed's response to 2008 was extreme, this week's actions by the Federal Reserve make 2008 look tame in comparison. During the height of QE 1, [...]

By |2022-08-06T13:24:23+00:00March 25th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgages, Texas Real Estate|0 Comments
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Mortgage Rates at Record Lows as 10-Year Treasury Yield Crashes Below One Percent

It has been an exciting week, and it's only Wednesday. After a massive market ramp on Monday failed to extend into a two-day rally, the Federal Reserve did what many, including myself, expected them to do. Jerome Powell and his central bank cronies pulled out an emergency 50 basis point cut to the Fed Funds rate. The Fed rate cut was little more than the Fed playing catch-up to the actual drop in market rates which were crushed by the ongoing coronavirus economic blowback. The Fed's poorly telegraphed rate cut was followed by a near [...]

By |2020-03-04T22:48:32+00:00March 4th, 2020|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Housing Market, In the Press, International Real Estate, Markets, Mortgage Rates, Mortgages|0 Comments
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Shadow Bank Lending, Rising Debt To Income Ratios Fueling Denton County Home Price Growth

Shadow banks, or nonbanks as they are often called, continue to dominate the mortgage space in the real estate echo bubble. This is the case in Denton County Texas and all across the country. Since 2008 the share of mortgage originations by nonbanks has more than doubled, rising from 24% in 2008 to 54% in 0217. The share of mortgages issued by traditional large banks continue to decline. As home prices rose throughout Denton County, the quality of the mortgages originated during this boom began deteriorating. Last year the deterioration in mortgage quality was pronounced. [...]

By |2019-02-28T23:11:31+00:00February 28th, 2019|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Housing Market, Housing Policy, In the Press, Mortgage Rates, Mortgages, Regulation, Texas Real Estate|0 Comments
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Higher Prices, Shrinking Homes – Denton County’s New Underwater Borrowers Found In HUD Annual Report

The Department of Housing and Urban Development's Fiscal Year 2018 report to Congress is filled with useful information on the state of the U.S. mortgage market. Contained within the 2018 annual report we can see where the latest crop of underwater borrowers are hiding in Denton County Texas. As the size of new homes continues to shrink, particularly for entry-level buyers, prices increases have begun to moderate or even decline in many areas. This poses a big problem for unsuspecting home buyers who have been roped into the housing market at the cycle peak with [...]

By |2018-11-28T01:29:11+00:00November 27th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Real Estate, Housing Market, Mortgage Rates, Mortgages, New Home Sales, Relocation|0 Comments
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LGI Homes’ Beaver Creek In Denton TX A Haven For Wall Street Landlord

The quiet little community of Beaver Creek on the north side of Denton Texas offers a perfect portrait of what's wrong with the current housing market in the United states. Beaver Creek is an LGI Homes community that specializes in affordable starter homes priced in the mid to upper $200's. Having viewed the community earlier this year, I was interested to see how sales would progress since Denton Texas is a popular destination for DFW home shoppers looking for affordable homes. Denton home prices are generally more affordable than the average prices in the Dallas-Fort [...]

By |2022-08-06T13:42:36+00:00October 16th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Lease, Denton Tx New Homes, Denton TX Real Estate, Development, DFW Real Estate, Housing Market, Housing Policy, In the Press, Mortgages, Spin Cycle, Texas Real Estate|2 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
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The listings on this site are for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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