Fannie and Freddie Increase Loan Limits

Thanks to rising home prices, conforming loan limits just got a boost. Compared to last year's loan limit of $726,525, most of the Bay Area can now borrow up to $765,600 with a mortgage backed by my two favorite F-words........Fannie and Freddie, duh (what did you think I was going to say?). This means that buyers can now enjoy more purchasing power before going into the more restrictive jumbo loan territory, leaving everyone looking for a home priced near that cutoff point saying F YEAH!