Tag Archives: Housing and Economic Recovery Act (HERA)

The FHFA has announced the conforming loan limit values for mortgages that Fannie Mae and Freddie Mac will acquire in 2024, in adherence to the Housing and Economic Recovery Act, which requires periodic adjustments to reflect changes in average U.S. home prices.

The GSEs have increased conforming loan limit values for mortgages in 2023 to $726,200, an increase of $79,000 over 2022’s loan limits.

In a banner year for the industry, the ascension in home prices has forced baseline conforming loan limits to rise to $647,200 in 2022.