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President Trump has signed a pair of executive orders aimed at showing his commitment to improving home affordability.
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The new conforming loan limit is a 3.3% increase from its 2025 level.
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The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks.
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Last week, the average rate slipped to its lowest level in two years, boosting home shoppers’ purchasing power.
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The average rate on a 30-year mortgage in the U.S. is now at its lowest level since early February 2023.
Bank
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week.
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The average rates in recent months have been showing the fastest pace of increases since 1994.
The case before the justices involves the Federal Housing Finance Agency, which oversees Fannie and Freddie and was created following the housing market crash.
Commerce
U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market.
President Trump has issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac.