If you follow the MBS Commentary channel on this site, you will have already seen most of the following, but it’s relevant for consumers as well.  As far as mortgage rates are concerned, the increase in conforming loan limits doesn’t have a direct impact, but it does change rate availability for those seeking certain loan amounts.  There’s a link below where you can see exactly what the new loan limit is for any given county.

If you’d like to read the official FHFA press release, here you go, but here’s the skinny on the new conforming loan limit of $548,250 for 2021, up from $510,400 in 2020.


Which loans does this apply to?

Conventional, conforming loans (those sold to or securitized by Fannie Mae and Freddie Mac, which is a vast majority of the market), both refinances and purchases

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