Fannie Mae, Freddie Mac Loan Limits to Remain Unchanged in 2013
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U.S. home-price gains this year weren’t large enough to justify an increase in the maximum size of loans that Fannie Mae and Freddie Mac will purchase in 2013, the companies’ regulator said today.
The two government-owned companies will continue to purchase loans up to a maximum of $417,000 in most areas next year, the same as the current year’s limit. In high-cost areas, such as Los Angeles and Washington, D.C., the upper limit will remain at $625,500, the Federal Housing Finance Agency said.