Estimated reading time: 0 minutes, 24 seconds

FHFA Is Expected to Raise Loan Limits to Nearly $1M

The federal government will soon begin backing home loans of almost $1 million, experts have predicted. So reports CNN.

FHFAThe Federal Housing Finance Agency was poised to reveal its new conforming loan limits for mortgage giants Fannie Mae and Freddie Mac shortly, using a formula for annual loan limit increases based on increases in home prices.

While the higher loan caps should be a boon for homebuyers, some analysts warned of taxpayers propping up the housing market.

Read the full article from CNN

Read 1539 times
Rate this item
(0 votes)

FOLLOW US