For mortgages acquired by Fannie Mae and Freddie Mac, the conforming
loan
limit for a single-family home will remain at $417,000 next year for
the majority of the country. In 46 counties, however, jumbo loan limits
will rise, reflecting that these areas have seen home values rise by
some of the largest amounts in the past year, says the Federal Housing
Financing Agency. The
loan limits are calculated each year under the Housing and Economic
Recovery Act of 2008, which sets a maximum loan limit based on median
home values. And the number of home sales to investors rose in October, but a closer look at many markets shows a different investor picture forming, Investor Profile Starting to Shift.
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