(Source: Fox Business http://tiny.cc/l78gvz )
The conforming loan limit for conventional loans backed by Fannie and Freddie has been increased to $766,550 for 2024, an increase of $40,350 from 2023. In high-cost areas, the limit is even higher, at $1,149,825. This means that homeowners with higher-priced homes will now be able to refinance into a Fannie or Freddie loan, and potential homebuyers will be able to buy at the higher end of the new limit.
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