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The Federal Housing Finance Agency announced its maximum conforming loan limits for mortgages acquired by government-sponsored enterprises Fannie Mae and Freddie Mac will remain at the existing level of $417,000 for one-unit properties, as NAFCU has advocated.

In July, NAFCU urged the FHFA to keep the current baseline in order to avoid a disruption to the national housing market as it continues to recover.

The FHFA said the only limit increases to occur will be in 39 high-cost counties, while the limits for other one-unit property mortgages will remain the same.

The current limit was set by the Housing and Economic Recovery Act of 2008, which established that the baseline loan limit could not rise until home prices have returned to pre-crisis levels. The FHFA said it has determined that average home prices are still below the level reached in the third quarter of 2007.

Last month, the FHFA finalized changes to its house price index measure, which it uses to calculate the annual conforming loan limit.