FHFA INCREASES FANNIE MAE AND FREDDIE MAC CONFORMING AND HIGH BALANCE LOAN LIMITS FOR 2017

Have you heard the news?

The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages secured by Fannie Mae and Freddie Mach will increase for the first time since 2006.  This increase will happen in 2017.  High balance loan amounts are also being increased which will help many buyers in big markets.

This should help many borrowers who were previously impacted negatively by the lower loan limits.
To learn more about this change, check out the news article at:  http://www.realestaterama.com/2016/11/30/fhfa-increases-fannie-mae-and-freddie-mac-conforming-loan-limits-for-2017-ID038864.html