New Conforming Loan Limits for 2018 are Higher Than Expected

11/29/2017 | Casey Fleming |  The Federal Housing Finance Agency – the FHFA – disclosed the new conforming loan limits for 2018 yesterday, and they went up further than most analysts expected!  It’s great news, as it opens the door to homeownership to more people. Historical Context Fannie Mae and Freddie Mac (the agencies) were...

2016 Conforming Loan Limits Announced

Fannie Mae and Freddie Mac set maximum loan limits each year based on trend in real estate values.  This sets the highest principal loan amount for loans that they will buy.  Because conforming loans have a ready buyer in the market they tend to have the best possible rates, all things being equal. Starting in...

Will Conforming Loan Limits Decrease? (An Update)

A couple of weeks ago I wrote that Fannie Mae / Freddie Mac conforming loan limits were likely to be reduced (for the first time in history) by the end of this year as a means to reduce the market share that Fannie / Freddie currently have of mortgage originations nationwide.  The problem, as I...