Fannie Mae, Freddie Mac Raise Mortage Limits

Fannie Mae and Freddie Mac raise the mortage limit on single-family homes.

1 minute read

November 29, 2001, 9:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Fannie Mae and Freddie Mac have raised the limit on the size of single-family home mortgages they buy from banks by 9.3 percent, to $300,700, opening up lower-cost financing to more people.The new ceiling, up from $275,000, is in line with the increase in the average house price for the 12 months ended in October, as measured by the Federal Housing Finance Board."

Thanks to Abhijeet Chavan

FULL STORY: Mortgage Limit Is Raised to $300,700

Thursday, November 29, 2001 in The New York Times

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.