The Federal Housing Finance Agency (FHFA) has decided to maintain the conforming loan limit for Fannie Mae and Freddie Mac at $806,500. This figure represents a 5.2% increase, or $39,950 more than the 2024 limit. The FHFA’s new director, Bill Pulte, confirmed there are no plans to alter this limit. The conforming loan limit is adjusted annually based on home price trends. Fannie Mae and Freddie Mac, under FHFA’s oversight since their 2008 conservatorship, guarantee most of the nation’s $12 trillion mortgage market. Despite suggestions from some quarters to reduce these limits, Pulte’s stance remains firm. This decision impacts the availability and cost of mortgage financing, particularly for jumbo loans, which might see rate adjustments depending on market conditions.
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