FHFA: Government to back mortgages up to $970,800 in 2022
Housing Wire
NOVEMBER 30, 2021
Median home values exploded across dozens of housing markets across the country in 2021. A 2008 law determines the conforming loan limits for Fannie Mae and Freddie Mac. It mandated that the baseline could only rise after home prices returned to pre-recession levels. increase from the prior year.
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