The recent conforming loan limit increase announcement from the Federal Housing Finance Agency (FHFA) for 2022 was the largest in percentage terms and in the actual amount historically.
The attached list reflects the conforming loan amounts going back to 1980. The maximum loan limits are based on annual national housing prices. Most of the rate adjustments have been gradual.
During the Great Recession starting 2007, the secondary money market for mortgages was in very bad shape. The FHFA kept the conforming levels the same at $417,000 from 2006 till 2016, when the property values came back to the pre-recession values.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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