Shelter Six:  Maximum FHA Loan Limit Up for 2019

December 17, 2018 by · Leave a Comment 

1. The new 2019 maximum FHA loan limit for Metro-Atlanta is up 5.4% to $379,500 for a Single-Family Detached property.

2. The new FHA loan limits are also up to $485,800 for 2-unit, $587,250 for 3-unit, and $729,800 for 4-unit properties in 2019.

3. A quick reminder that the new maximum Conforming loan limit for Single-Family Detached homes is now $484,350.

4. Did you know that consumer spending accounts for an astounding nearly 70% of all economic activity in the U.S.?

5. Retail Sales is the key metric for consumer spending and has been very strong over the last few months, which bodes well economically for the holiday season.

6. More good news from last week as the most recent inflation data released is in line with expectations.

Rate Update

Despite great stock market volatility, last week was relatively a quiet week for mortgage rates.  The major U.S. economic data came in on target and rates ended with little change.

This Week

The next Fed meeting is on Wednesday and most investors expect a .25% increase in the Federal Funds rate.  In addition, Housing Starts will be released on Tuesday, Existing Home Sales on Wednesday, and Durable Orders on Friday.