Freddie Mac has confirmed that they will be keeping their conforming loan limits at their 2006 values.
In late 2005, attempting to keep up with the rapid appreciation in home prices that was then prevalent, Fannie Mae & Freddie Mac raised the limit nearly twice as much as they had in previous years, to $417,000 for 2006; given the widespread levelling off of real estate price appreciation in the last year, and the fact that Fannie & Freddie have historically been averse to lowering the limit (last doing so in 1990, when they reduced the limit by just $150), this announcement came as no surprise, but it’s good to get official word; Fannie should be officially announcing the same thing sometime soon.
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