{"id":23812,"date":"2024-07-10T15:13:45","date_gmt":"2024-07-10T15:13:45","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=23812"},"modified":"2024-07-10T15:13:47","modified_gmt":"2024-07-10T15:13:47","slug":"fannie-freddie-expected-to-back-mortgages-of-nearly-1-million","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/","title":{"rendered":"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million"},"content":{"rendered":"\n<p>The rapid rise in home prices over the past year is prompting Fannie Mae and Freddie Mac to revisit the maximum size of home mortgages they will back for 2022, possibly increasing to nearly $1 million in some areas, <em>The Wall Street Journal<\/em> reports.<\/p>\n\n\n\n<p>That would mark a sharp jump compared to this year: The government-backed enterprises currently back single-family mortgages to $548,250 in many parts of the country and to $822,375 in pricier areas, such as California and New York.<\/p>\n\n\n\n<p><em>The Wall Street Journal<\/em> is reporting that the baseline levels are expected to jump to about $650,000 in many areas and to just under $1 million in high-cost areas.<\/p>\n\n\n\n<p>However, the actual caps won\u2019t be released by the Federal Housing Administration, which oversees Fannie Mae and Freddie Mac, until Nov. 30. The new limits would take effect in January 2022.<\/p>\n\n\n\n<p>Freddie Mac and Fannie Mae update their loan limits annually. They use a formula that factors in average home price increases nationally.<\/p>\n\n\n\n<p>Home prices have surged since the pandemic. The median single-family existing-home sales price jumped by 16% to $363,700 in the third quarter compared to a year earlier, according to the National Association of REALTORS\u00ae.<\/p>\n\n\n\n<p>Fannie and Freddie guarantee about half of the $11 trillion mortgage market. Neither entity issues loans directly. Instead, they purchase loans from lenders and package them into securities that are then sold to investors. Mortgages within Fannie Mae and Freddie Mac\u2019s limits are referred to as conforming loans.<\/p>\n\n\n\n<p>Fannie Mae and Freddie Mac\u2019s share of the mortgage market has comprised nearly 60% of all new mortgages during the pandemic, up from 42% in 2019, according to the Urban Institute.<\/p>\n\n\n\n<p>Some housing analysts are expressing concern over Fannie Mae and Freddie Mac increasing their threshold prices and saying the government\u2019s role in the mortgage market is becoming too big. But others in favor of the increases say that it helps borrowers in more expensive markets to be able to afford rising prices.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rapid rise in home prices over the past year is prompting Fannie Mae and Freddie Mac to revisit the maximum size of home mortgages they will back for 2022, possibly increasing to nearly $1 million in some areas, The Wall Street Journal reports. That would mark a sharp jump compared to this year: The &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-23812","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million\",\"datePublished\":\"2024-07-10T15:13:45+00:00\",\"dateModified\":\"2024-07-10T15:13:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\\\/\"},\"wordCount\":334,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\\\/\",\"name\":\"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million","datePublished":"2024-07-10T15:13:45+00:00","dateModified":"2024-07-10T15:13:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/"},"wordCount":334,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/","name":"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2024-07-10T15:13:45+00:00","dateModified":"2024-07-10T15:13:47+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/fannie-freddie-expected-to-back-mortgages-of-nearly-1-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Fannie, Freddie Expected to Back Mortgages of Nearly $1 Million"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. 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