I Found It Interesting, So I Share!

I'm presuming you've all heard of a 'Conforming Loan Limit'? The amount of a loan for a standard interest rate. Before it goes into jumbo status.

So, one of the lenders that regularly sends me info passed this along. I think it's very interesting, educational, and very cool.

I could have gone back and done the research myself, but Ta-Da, here it is for me & you.

Year over year, some decades, where the Freddie & Fannie Conforming Loan Limit sat....well, since 1990.

YEAR	LOAN LIMIT
1990	$187,450
1991	$191,250
1992	$202,300
1993-1995	$203,150
1996	$207,000
1997	$214,600
1998	$227,150
1999	$240,000
2000	$252,700
2001	$275,00
2002	$300,700
2003	$322,700
2004	$333,700
2005	$359,650
2006-2016	$417,000
2017	$424,100

See how during boom times the limit jumped up? And, during times of housing distress...it stayed exactly the same? 

So, now that it's bumped up a bit, what does that mean? Well, I'd have to think, and so does the lender that sent it to me, our market is stabilizing, healthy, and can handle a bit of a bump!

Cool, I tell ya, very, very cool.