U.S. restricts raising cap on federally backed mortgages

federally backed mortgages

federally backed mortgagesBy Joe Light | The Wall Street Journal

Home prices continue to climb, but the U.S. government is keeping a lid on the size limit for federally backed mortgages, posing problems for home buyers in many pricey markets.

The Federal Housing Finance Agency on Wednesday said mortgage-finance giants Fannie Mae and Freddie Mac in most markets next year can back only loans of $417,000 or less. It will mark the 11th straight year that limit has been in place.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

November 2015
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30