Mark’s Market Update – Bend, OR Real Estate
Mortgage rates are at a 3-month low. Despite limited inventory, there remain opportunities for buyers and sellers. We are witnessing a growing number of inquiries from buyers expressing interest in properties in Bend. For sellers, strategically listing your property during these winter months can enhance its positioning, especially before an influx of inventory arrives in the Spring market. Reach out to me to discuss strategies on how I can help you navigate the Bend Real Estate market.
Conventional & FHA loan limits are increasing for 2024!!!
Federal Housing Finance Agency has announced higher conventional loan limits for 2024:
New conforming loan limit will be $766,550 – Up from $726,200
New FHA loan limit will be $498,257 – Around $60,000 increase
Buyers may now have access to more favorable terms based on the higher conventional loan limits. We are happy to connect you with lenders we know and trust.
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Congratulations to our buyers!
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