Is it time to raise the limit for jumbo housing loans?

  • The Housing and Economic Recovery Act (2008) forbade any increase in the conforming loan amount until U.S. home prices had recovered to pre-crisis levels.
  • Now they have. What are the options?

The maximum conforming mortgage limit has been stuck at $417,000 for 10 long years. The Housing and Economic Recovery Act (2008) forbade any increase in the conforming loan amount — until U.S. home prices had recovered to pre-crisis levels. Now they have. Will the conforming limit rise?