Homeowners Refinance as Tax Reform Looms
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Homeowners Refinance as Tax Reform Looms

Refis on the rise Homeowners are refinancing in droves. According to the recent Ellie Mae Origination Insight Report, refinances accounted for 40 percent of all closed loans in December. On just conventional loans, the refinance share was nearly half. From tax reform to refinance Refinances and FHA loans rose one percentage point in December overall....

Conforming Loan Limits Jump by Nearly $30,000 [INFOGRAPHIC]
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Conforming Loan Limits Jump by Nearly $30,000 [INFOGRAPHIC]

2018 loan limits move up to $453,100 Conventional / conforming loan limits are up — way up — and it could benefit home buyers and refinancing households in 2018. Last year, Fannie Mae- and Freddie Mac-approvable mortgage amounts increased for the first time in 11 years. Thanks to rising home prices, maximum amounts took just...