The Latest Boost For “Affordable” Housing: GSE Loan Limits Now Above $1 Million

The FHFA announced the GSE’s conforming loan limits will surpass $1 million for the first time. This announcement means that in 2023 Fannie Mae and Freddie Mac will be able to purchase home mortgages that exceed $1 million. These high limits make a mockery of so-called affordable housing policy.