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2016 Conforming Loan Limits in Orange County, CA

The Federal Housing Finance Agency (FHFA) announced last week that the 2016 conforming loan limits will remain largely unchanged in all but 39 counties.

To access the complete list of 2016 maximum conforming loan limits for all counties and county-equivalent areas in the country click HERE.

Though announcements of this brand may not seem overwhelmingly significant, especially since Orange County will

not see a loan limit increase, such notice is still likely to impact the decisions of buyers who continue to debate a home purchase in 2016.  Unassuming as it may seem, there are less subdued factors for buyers to consider.  That’s why I continually remind my clients that they will paying a mortgage whether or not they decide to buy in 2016.

Conforming Loan Limits in Orange County, CA are expected to stay the same in 2016 but, it shouldn't impact the Rent vs. Own debate as there are many other more pressing factors to consider when implicating the 2016 Housing Market.

Conforming Loan Limits in Orange County, CA are expected to stay the same in 2016 but, it shouldn’t impact the Rent vs. Own debate as there are many other more pressing factors to consider when implicating the 2016 Housing Market.

Despite a minor slowdown, rising rents are still the norm.  And, market experts along with big economists expect the trend to continue well into the New Year.  Moreover, plans to raise mortgage interest rates linger as Fed officials have maintained an uncertain timeline.  So, if buyers are focusing on any other decision-making factors, it’s almost a moot point.  Waiting for rent and home values to ease may not be the most cost-effective strategy.  Especially, for buyers most interested in building long-term wealth.

For assistance with new market data as it shapes sentiment of the 2016 Housing Market, contact me!  I am currently working with several homeowners and sellers who are reviewing their equity positions.  We’re also working with a number of new and prospective buyers that are truly interested in comparing their Rent vs. Own strategies and how buying a home will help them build long-term wealth much faster.

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