Fannie, Freddie Loan Limits Raised For More Than 70 U.S. Counties

More than 70 counties across the U.S. will see limits for mortgage loans backed by Fannie Mae and Freddie Mac rise to $729,750 -- the new maximum limit set by the economic stimulus bill, the Federal Housing Administration announced today...

New limits were also released for FHA-backed loans. The highest limit for those loans is also $729,750, while the minimum ceiling -- the maximum loan allowed in lower priced areas -- is now $271,050. The agency estimated that the FHA increase could benefit nearly 250,000 families across the country.