Fannie Mae has announced new higher loan limit
For 2005, Fannie Mae has set the single family mortgage loan limit to $359,650.
This will help more families be able to afford housing through Fannie Mae's program. In fact, they predict "As a result of the new loan limit, Fannie Mae estimates that in 2005, as many as an additional 271,524 homeowners would be eligible for a conforming loan."
To read the Fannie Mae press release, go here.