GSE (Fannie Mae & Freddie Mac) Reform Equals Increased Loan Limits

According to National Association of Realtors® estimates, the recently passed Housing and Economic Recovery Act of 2008 will increase Fannie Mae and Freddie Mac conforming loan limits by as much as $62,850 in Essex County, Massachusetts - from $419,000 to $481,850.

These reforms to GSE (Government Sponsored Enterprise) insured loans, which have Realtors® have actively lobbied for in the past several years, should stabilize the housing market and help ensure for safe, reliable mortgages for home purchasers.