Today, in the Newsletter: On Private Lenders Raising the “Conforming Loan Limit”
Excerpt: Some private mortgage industry participants have already increased their “conforming loan limits” in anticipation of the FHFA raising the CLL. This is NOT an official increase.
Note that they are only raising the “limit” from $548,250 (low cost areas) to $625,000. That is a 14% increase, and the FHFA will probably increase the limit closer to 18% (like to around $645,000 or so).