Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says

 
 

The newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie Mac, said he will not lower the conforming loan limit, or the maximum value for the loans the two firms will buy and guarantee.

That limit is calculated each year according to current home prices. It now stands at $806,500, an increase of $39,950 (or 5.2%) from 2024.

“There are no plans to do anything as it relates to the conforming loan limit,” Pulte said Tuesday.

The Trump administration has touted plans to reduce the federal government, and many have expected it will work to shrink the size of Fannie Mae and Freddie Mac. The mortgage giants guarantee the vast majority of the nation’s $12 trillion mortgage market.

“Those close to it see a reduction in loan limits appeasing the populists irritated that the government is insuring million dollar mortgages, when in reality there’s ample supply of capital from banks and non-banks to support that activity,” said Eric Hagen, managing director and mortgage finance analyst at BTIG. “The question is how much mortgage rates for jumbo borrowers might need to increase to support it, all of which could be highly sensitive to timing and interest rates.”

The FHFA has overseen the two firms since they went into conservatorship in 2008. With the recent appointment of Pulte, questions have been swirling about what he intends to do with the two, including if he would move to lower their conforming loan limits. Pulte toured Fannie Mae and Freddie Mac offices last week, posting on social media a video of empty offices, desks and even the cafeteria.

In a recent report, the CATO Institute, a Washington, D.C.-based think tank, pushed the idea that Congress should limit the FHA’s single-family insurance portfolio to first-time homebuyers.

“Additionally, the FHA should decrease the value of loan limits eligible for FHA single-family mortgage insurance to (at most) the first quartile of home prices,” the report said.

Read more at CNBC

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Just Listed: Top-Floor Breckenridge Condo with Stunning 180° Mountain + Ski Slope Views!

 
 
 

Situated at the base of Peak 9, this top-floor corner unit offers incredible 180-degree views over Breckenridge and the surrounding mountains.

To the west, watch skiers descend the slopes of Peaks 8, 9, 10 and see over to Father Dyer and Quandary Peaks. Overlooking historic Main Street to the east, take in the views of Baldy and Mineral Hill. The scenery continues as you overlook the Maggie Pond, Blue River, and Village Plaza. Fully furnished and turnkey, this property is ready for its next owner with excellent rental income potential. Whether you’re looking for your personal mountain getaway or an income-producing investment property, this unit delivers. This condo features a stone fireplace, granite countertops, and an interior design that pays homage to Breckenridge’s mining history. With two private balconies in the unit, listen to the peaceful sound of the river from the open windows. The Wetterhorn building is a short walk from both the Quicksilver Chairlift and all the charm of downtown Breckenridge. Experience the best of summer events and Sunday Farmers Markets as you overlook the Village Plaza. You’ll enjoy premium amenities, including a health club with a year-round heated indoor/outdoor pool, hot tubs, sauna, steam room, and both weight and aerobic equipment. There's also a family gathering area, on-site dining options, ski rentals downstairs, and a heated, underground parking garage for your convenience. Plus, common laundry is just steps away down the hallway. This condo has it all—location, views, thoughtful design, and fantastic amenities. Come see this beautiful Breckenridge property for yourself!

Listed by Stu Van Anderson for West + Main Homes. Please contact Stu Van Anderson for current pricing + availability.

 
 
 

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Just Listed: This beautiful townhome offers the perfect blend of comfort, convenience, and charm!

 
 
 

This beautiful townhome offers the perfect blend of comfort, convenience, and charm.

Nestled in the heart of Southpark 2, a sought-after community known for its mature shade trees, scenic trails, and abundant amenities, this beautiful townhome offers the perfect blend of comfort, convenience, and charm. Ideally situated within the neighborhood, it overlooks a serene park and is close to the tennis courts, pool, and playground.
Step inside to a spacious living room featuring vaulted ceilings, skylights, and a striking brick accent wall with a cozy gas fireplace. Acacia hardwood flooring throughout the main level enhances the warm, inviting ambiance. The adjoining dining room features elegant French doors that open to a private patio—perfect for relaxing with a cup of coffee.
The well-appointed kitchen includes granite countertops, wood cabinetry, a pantry, and appliances, including a brand-new dishwasher. A breakfast bar seamlessly connects the kitchen to the dining area. Just beyond, the attached two-car garage is an added convenience featuring a new garage door.
Upstairs, you’ll find three well-sized bedrooms with newer carpeting. The primary suite, tucked away for privacy, features two closets, a vanity, and a walk-in tiled shower.
The finished basement offers versatile additional living space—ideal as a recreation room, home office, or guest suite—complete with its own ¾ bath. The laundry area includes a brand-new washer, which is included along with the dryer. The interior has fresh paint throughout. Major system updates include a HVAC system (installed within the last five years), a two-year-old water heater, and new roof installed last Summer.
Southpark 2 offers an exceptional lifestyle, featuring a clubhouse, pool, tennis and pickleball courts, and scenic walking trails. The community provides easy access to the Mineral Light Rail Station, the Highline Canal Trail, top-rated Littleton public schools, and historic downtown Littleton, with its charming shops and local restaurants. With a low HOA, this home has it all and is ready for you to move right in!

Listed by Linsey Garcia for West + Main Homes. Please Contact Linsey for current pricing + availability.

 
 
 

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303-915-0820

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Just Listed: Bright + Spacious Ranch in University Hills!

 
 
 

Uhills Gem!

This 3-bed, 2-bath ranch in desirable University Hills has everything you’re looking for—a light-filled layout with spacious bedrooms and updated bathrooms. The newer kitchen features granite countertops, stainless steel appliances, and ample storage. Enjoy an open living and dining area, a storage closet, and a laundry room. Engineered hardwood floors run throughout. Sitting on a 7,100+ square foot lot, this home boasts a huge, fenced-in backyard with a patio—perfect for entertaining! Fantastic location with highly regarded schools nearby, including National Blue Ribbon winner Bradley International, as well as Rise and Thrive Preschool. For peace and tranquility, the High Line Canal Trail is just a block away, leading directly to Eisenhower Park, its rec center, and Wellshire Golf Course. Easy access to I-25, 285, and Colorado Boulevard provides countless shopping and dining options and quick connections to the Denver Metro area. Come take a look!

Listed by John Chapman for West + Main Homes. Please contact John for current pricing + availability.

 
 
 

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6 Home Maintenance Tasks You Should Never Ignore, According to Home Experts

 
 

We all get busy, and keeping up with everything on your plate can be a challenge. However, one area where it’s crucial to be diligent is with home maintenance.

It’s easy to forget or ignore everything from seasonal tasks to seemingly non-threatening emergencies, but putting these things off can often lead to bigger problems. Worse yet, these issues are not simply frustrating but also expensive and time-consuming to fix. Here are six home maintenance tasks you should never ignore.

Managing Leaks

From mold to structural damage, water leaks can cause a variety of problems that are difficult to remediate. So, if you spot a leak in your house—no matter how small—make sure to contact a pro as soon as possible. “You want to call a plumber right away to find out what is causing the leak and repair it," Brooke Soliz Bremmer, an attorney who specializes in habitability with Sweet James says. "If you are a renter, your landlord is responsible for paying for the cost of fixing the leak if it involves a structural issue.”

Lastly, if your previously flat wall suddenly looks curved, it’s probably a leak, so be sure to call in for assistance right away.

Dealing With Infestations

Whether it’s something as small and seemingly non-threatening as termites or something larger (and potentially scary) like mice or rats, these problems need to be addressed the moment you notice something isn’t right. As with leaks, infestations can cause major issues for your home as well as your health. “While termites can cause structural damage to the home, rodents can get into the wires of your car and chew them," Bremmer says. "If you are a renter, you must report infestations to your landlord immediately because they are liable for fixing them and paying for it."

Checking For Mold

You might not think much about mold, especially if you don’t live in a particularly humid area, but mold can be incredibly hazardous and must be taken seriously. Even if you don’t see mold, it could be lurking.

Michael Rubino, mold and air quality expert, advises checking your toilet tank for mold at least monthly because it can signal a more significant mold issue elsewhere in your home. “While the tank lid isn’t airtight, there’s minimal air exchange between the inside and outside," Rubino says. "A stray mold spore could find its way in, but if you spot mold growth inside the tank, it’s more likely that high levels of spores are circulating in your home’s air due to an existing mold problem.”

Changing HVAC Filters

If you don’t remember the last time you changed your HVAC filters, you’re definitely due to swap them out. “Your HVAC system acts as the lungs of your home and, as such, is a crucial part of maintaining indoor air quality," Rubino says. "Clogged filters can’t do their job effectively. When they’re overly dirty, they reduce air quality, strain the HVAC system, and can even lead to costly repairs." So, he recommends checking your manufacturer’s guidelines for replacement timing, but also inspecting filters regularly. "Signs they need changing sooner include discoloration, odors, rising energy bills, weak airflow, or dust buildup around vents," he adds.

In addition to changing out your HVAC filters, Rubino recommends scheduling a professional HVAC service in the fall before cooler weather sets in. “Think of it as a biannual tune-up for your home’s air system," he says. "A well-maintained HVAC not only helps prevent mold growth but also supports a healthier home environment year-round.”

Cleaning Your Gutters

You may not ever may much attention to your gutters, but it’s important you don’t forget this essential home maintenance task. “Clogged gutters can cause significant water damage to both the interior and exterior of your home, especially in areas that experience frequent severe weather,” says Michael DiMartino, senior vice president of project services at Power Home Remodeling.

When gutters become clogged with debris, such as leaves and twigs, they block water from draining properly, which can lead to the formation of ice dams. “It’s not just about preventing ice dams, though—it’s also crucial to clear your gutters to stop icicles from forming," DiMartino explains. "When water can’t drain, it accumulates and freezes, adding unnecessary weight to the gutters. If the icicles grow too heavy, they can damage the gutters, soffit, and fascia boards.”

Sealing Air Gaps

DiMartino tells me that windows, doors, vents, and other openings in a building’s exterior play a vital role by allowing air and light to flow in and out of our homes. “However, these same openings can sometimes let unwanted air in or out, leading to energy loss and higher utility bills," he says. "It’s essential for homeowners to equip their homes with high-quality materials and proper sealants, and to regularly inspect for gaps or cracks in the foundation where air may leak.”

If you are unsure about air leaks, he suggests scheduling a building pressurization test with a pro. “If the windows, doors, chimneys, skylights, and other openings are all closed but air still seeps through, you can target those areas for repairs," DiMartino says.

Read more at Real Simple

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