Saturday, October 8, 2016

Is it now time to finally raise conforming loan limits?

The chances that the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is high now after meeting one certain condition. This would be a very positive change for the industry and borrowers, according to one industry expert. The industry will know for sure come November.

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