FHFA Raises Fannie, Freddie Conforming Loan Limits

The Federal Housing Finance Agency (FHFA) announced this week it will increase the 2020 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $510,400 on one-unit properties and a cap of $765,600 in high-cost areas. The previous loan limits were $484,350 and $726,525, respectively. In response, C.A.R issued a statement.

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