Good piece by Dan Green at the Mortgage Reports about Fannie/Freddie conforming loan limits (those are the largest mortgages they will insure).
First, check out the chart:
As Green points out, 2012 conforming loan limits are the same as the last six years. That’s a good thing, because home prices are much lower now than they’ve been, meaning more home buyers’ loans are conforming — fewer are too big for the likes of F&F.
Green does a better job of explaining; click here to read what he has to say.