Fannie and Freddie will back homes costing nearly $1 million as prices surge

By USA Today   |   1 year ago
Fannie and Freddie will back homes costing nearly $1 million as prices surge

The federal government is expanding support for homeownership as home prices rise. Fannie Mae and Freddie Mac will increase mortgage limits to $806,500 in 2025. Despite affordability concerns, advocates believe addressing housing supply is crucial for making homes more affordable.

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