I wonder if this will affect areas that are current right below the old $417k conforming limit. My thinking is there are people who couldn’t afford 450-600k house before due to rates, so they settle for $350-450k instead. But now that they can stretch, the demand would drop for the 350-450k range because they now can stretch to 450-600k. So for the low end of NCC ($450-600k), this might have a positive affect, but the $350-450k market might see a decrease? That’s my guess.
