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2020 Loan Limits Rise Above $500,000 for Conforming Mortgages

It’s that special time of the year again when the Federal Housing Finance Agency (FHFA) adjusts the conforming loan limit for the upcoming year. As expected, the loan limit is going up again thanks to another year-over-year increase in home prices nationwide. Per the FHFA’s seasonally adjusted, expanded-data home price index (HPI), residential property values [&hellip
Source: Mortgage