Mortgage Market Summary as of December 4, 2017

Increased Conforming Loan Limits for 2018

The Federal Housing Finance Agency (FHFA) recently announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018.  In Los Angeles County, the 2018 maximum base conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017 while the high balance agency loan limit will be $679,650, and increase from $636,150.

Please see the below charts for more detailed information.

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Courtesy of Rick Lombardo 310.435.7439, Rick.Lombardo@grarate.com, VP of Mortgage Lending at Guaranteed Rate.

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