FHFA raises 2023 conforming loan limits on Fannie Mae, Freddie Mac mortgages
FILE PHOTO: Fannie Mae headquarters is seen in Washington, DC, U.S. on February 21, 2014. REUTERS/Kevin Lamarque/File Photo/File Photo
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WASHINGTON (Reuters) — The U.S. Federal Housing Finance Agency (FHFA) said on Tuesday the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (OTC:FMCC) in 2023 for one-unit properties will be $726,200 in most of the country.
That represents an increase of $79,000 from $647,200 in 2022, FHFA said.