Fannie Mae Predicts Rebound in Housing Market

Fannie Mae’s May Economic & Housing Outlook predicts strong demand along with improved affordability points to a rebound in the housing market in 2019. Fannie Mae said, “Pending sales and purchase mortgage applications are trending upward, while the lower mortgage rate environment and builders’ renewed focus on modestly sized homes are likely to support affordability.” … Continued

Maximum Conforming Loan Limits Increase in 2018

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Last year, the Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages. This affected mortgages acquired by Fannie Mae and Freddie Mac.  This was the first increase to the maximum conforming loan limits since the housing crisis began in 2006.  And now, the FHFA is doing it again! FHFA has increased the maximum conforming loan limits for Fannie Mae … Continued