Conforming limits for home loans will be largely unchanged in 2016, the Federal Housing Finance Agency said Wednesday.

The conforming loan limit for mortgages acquired by Fannie Mae and Freddie Mac will stay at $417,000 for one-unit properties in most U.S. counties, but will increase in nearly 40 high-cost areas.

“The $417,000 loan limit will stay the same for 2016 because FHFA has determined that the average U.S. home value in the third quarter of this year remained below its level in the third quarter of 2007,” a statement from the agency reads.

Among the counties seeing loan limit increases are:

  • Davidson County, Tennessee, which is rising from $425,500 to $437,000.
  • Denver County, Denver, which is rising from $424,350 to $458,850.
  • King County, Washington, which is rising from $517,500 to $540,500.
  • San Diego County, California, which is rising from $562,350 to $580,750.
  • Suffolk County, Massachusetts, which is rising from $517,500 to $523,250.

The 39 counties with higher loan limits are seeing those increases because home values increased substantially over the past year.

In most of the country, home loans below $417,000 are considered conforming loans and mortgages above that amount are called jumbo loans. In higher-cost areas, the limit can be as high as $625,500.

The Fed is expected to raise rates soon. So what do mortgage rates do this week? Fall.

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