Lock in mortgage effect

The year end review 2024 has a few silver linings for buyers and sellers in Bethesda MD and the rest of the DC metro area. As home prices hit new highs, home builders have been incentivized to build more homes. In recognition of these higher prices, mortgage giants Fannie Mae and Freddie Mac announced that they would back single-family mortgages of up to $806,500 in most markets, and loans of up to $1.2 million in high-cost markets.