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“FHFA increase loan limits. ” News Release

News Release

FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017

 

11/23/2016

The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase.  In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000.  This will be the first increase in the baseline loan limit since 2006.  In higher-cost areas, higher loan limits will be in effect.

For links to the full release please click here.

Copy of the News Release on the FHFA website.

FHFA

 

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What is going on with Arizona Real Estate Market- September 2016 Snapshot

Current Market Status for 2016

 

The snap shot shows a market where foreclosures and short sales opportunities are a very small aspect of the market. While home values are on the rise, the average days on market for a seller is 74 days in September. Overall there are improved opportunities for buyers looking to buy now as the inventory will be higher this quarter.

 

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