Canyon Mortgage is committed to keeping its clients informed about the latest developments in the mortgage market. In 2024, conforming loan limits are set to rise to $766,550.00 from $726,200.00, accommodating the upward trend in home prices. While these new limits officially take effect in January 2024, Canyon Mortgage is already accepting applications based on the updated figures.

This proactive approach allows homeowners to capitalize on the increased loan limits, providing an opportunity for those who have witnessed appreciation in their homes to consider refinancing into a Fannie or Freddie loan. Canyon Mortgage ensures that its clients are well-informed about these changes, enabling them to make informed decisions regarding their mortgage options. For personalized advice tailored to individual circumstances, clients are encouraged to consult with the experts at Canyon Mortgage who are dedicated to navigating the dynamic landscape of the mortgage market.