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Feds Raise Conforming Mortgage Limits

Mortgage News > Feds Raise Conforming Mortgage Limits
Date: 11/27/2018    Feds Raise Conforming Mortgage Limits

National home prices have risen so much in the past year that federal regulators have increased the conforming mortgage loan limit for Fannie Mae and Freddie Mac-backed loans. For 2019, the new maximum limit will be $484,350, according to the Federal Housing Finance Agency, an increase of 6.9% from 2018’s limit of $453,100. The higher loan limits could help more potential home buyers enter the housing market.

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