Does Limiting Maximum Loan Limits Help Decrease Home Prices?
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Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) all have maximum loan limits that are updated each year. This year, in both cases, they have been updated to reflect market conditions, and those market conditions are of course frothy. This means that the standard loan limit at Fannie and Freddie is moving up 18%, and loan limits at the FHA are rising by a similar amount in many cities.
Does Limiting Maximum Loan Limits Help Decrease Home Prices?
Does Limiting Maximum Loan Limits Help…
Does Limiting Maximum Loan Limits Help Decrease Home Prices?
Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) all have maximum loan limits that are updated each year. This year, in both cases, they have been updated to reflect market conditions, and those market conditions are of course frothy. This means that the standard loan limit at Fannie and Freddie is moving up 18%, and loan limits at the FHA are rising by a similar amount in many cities.