More Metro Areas May be Impacted by Loan Limit Reduction than Previously Thought, NAR Analyst Finds
September 1, 2011
Only about 18 of the 247 high cost metropolitan markets will avoid seeing their FHA loan limits lowered at the end of this month, when the emergency loan-limit adjustments for the FHA, Fannie Mae and Freddie Mac are set to expire, according to a new analysis by Inside Mortgage Finance. All 24 metro markets that now have loan limits of $729,750 (or higher in Hawaii) will see their limits dropped to at least $625,500, and some of these areas in California will see...