Fannie Mae (FNMA)

[guchu]

Regulator for Fannie Mae, Freddie Mac lifts mortgage loan limits

A federal regulator on Tuesday raised the dollar amount of mortgages that can be backed by Fannie Mae FNMA, -0.86% or Freddie Mac FMCC, +0.00% as home prices continue to surge. Despite recent deceleration, prices of homes backed by the two government-sponsored enterprises rose 6.9% on average between the third and fourth quarters. That means that the base home loan limit will increase the same amount. In most of the U.S., that maximum will become $484,350, up from $453,100 in 2018. The cap for higher-cost areas will be $726,525

https://www.marketwatch.com/story/regulator-for-fannie-mae-freddie-mac-lifts-mortgage-loan-limits-2018-11-27