This week is a monster news week. There are a bunch of corporate earnings. The Treasury will sell a boatload of Treasuries. And if that were not enough, the Fed's favored gauge of inflation - the Core PCE will be released as well as the 1st reading of 3rd Quarter GDP. For areas in which 115 percent of the local median home value exceeds the baseline CLL, the maximum loan limit will be higher than the baseline loan limit.
HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a "ceiling" on that limit of 150 percent of the baseline loan limit. Median home values generally increased in high-cost areas in 2021, driving up the maximum loan limits in many areas.
HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a "ceiling" on that limit of 150 percent of the baseline loan limit. Median home values generally increased in high-cost areas in 2021, driving up the maximum loan limits in many areas.
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