Buyers can get “more house” with Fannie, Freddie loan next year

Source: Kathleen Pender, San Francisco Chronicle (Paid Registration)

Thanks to a 6.9 percent increase in average home values nationwide, the so-called conforming loan limit on mortgages backed by Fannie Mae and Freddie Mac will rise next year by the same percent, to $484,350 in most of the country.

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