Fannie Mae, Freddie Mac will back mortgages of more than $1 million in 2023

HPC was quoted in a December 1 article from USA Today:

“House prices have grown much faster than household income, in large part due to supply constraints and low-cost financing,” the council said in a statement. “Taxpayer backing of ever-increasing loan sizes provides a subsidy that results in slightly lower mortgage rates which, in turn, encourages people to buy more expensive homes."

Read the entire article here.