High home prices could push Fannie, Freddie to back $1 million loans
High home prices could push Fannie, Freddie to back $1 million loans
By Anna Bahney | CNN
Home prices all over the country have seen stratospheric increases within the past year, as demand for homes spiked and inventory tanked.
But higher prices are expected to push the limits of conforming loans to what experts anticipate might be record increases in 2022, with the maximum loan limit at nearly $1 million for high-cost areas. The expected increases were reported…
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