Fannie Mae and Freddie Mac Will Support Higher Mortgages in 2022
Pro Builder
DECEMBER 1, 2021
In response to rising home prices across the US, Fannie Mae and Freddie Mac will support mortgages up to $1 million beginning January 1st, reports MarketWatch. The legal limit for high-cost areas is 150% of the total baseline limit, meaning that Fannie Mae and Freddie Mac could back loans with a value of up to $970,800. . Financing.
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