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Rocket Pro TPO raises conforming loan limits to $750,000 ahead of FHFA decision

Rocket Pro TPO, the wholesale arm of Rocket Mortgage, on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. 

Amid fiercer competition in a shrinking mortgage market, other lenders may follow suit in the coming days or weeks, as in previous years. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.

Rocket’s move shows that the mortgage lender is confident the maximum loan limit set by the federal government will rise details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com