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FHFA Is Expected to Raise Loan Limits to Nearly $1M

The federal government will soon begin backing home loans of almost $1 million, experts have predicted. So reports CNN.

FHFAThe Federal Housing Finance Agency was poised to reveal its new conforming loan limits for mortgage giants Fannie Mae and Freddie Mac shortly, using a formula for annual loan limit increases based on increases in home prices.

While the higher loan caps should be a boon for homebuyers, some analysts warned of taxpayers propping up the housing market.

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