The Federal Housing Finance Agency (FHFA) Logo (PRNewsFoto/FHFA)

Federal Housing Finance Agency holds pat on mortgage loan limits in 2016, a move California Realtors say will make homebuying more difficult for first-time buyers.

Published: Dec. 4, 2015 – 4:42 p.m.

Put another crimp in the belt for housing unaffordability in California.

The Federal Housing Finance Agency recently said it will keep the 2016 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties, and raised the cap to $625,500 in only four high-cost regions.

To read article by Debra Gruszecki in The Press-Enterprise, click here.