Ep. 104 - Lower Down Payments, Loan Limit Hikes & Conflicting Job Reports | Q4 Lending Update

This episode provides a look into the latest major lending updates, and critical mortgage guideline changes. Daniel Halvorsen joins Quinton Harris to unpack new guidelines that will substantially improve homebuyer affordability. They also dive into a detailed analysis of interest rates and the job market. They break down metrics like core CPI, jobless claims, wage growth, job quits, and more to provide context around where rates are headed in late 2023 and early 2024. For homebuyers worried about affordability, homeowners concerned about rates, or anyone interested in the housing market outlook, this episode delivers engaging discussion and insightful stats to stay informed on what lies ahead.

[00:00 - 05:40] - Lower Down Payments on 2-4 Unit Primary Residences

[05:41 - 10:42] - 2023 Conforming Loan Limit Increases

[10:43 - 27:56] - September Inflation & Jobs Report

[27:57 - 32:15] - Outlook for 2024 & Key Takeaways

Key Quote:

“If you're waiting on prices to go down, [it’s] probably not going to be a good year for you when you look at this again next year.” - Daniel Halvorsen

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