Money Fannie Mae, Freddie Mac will back mortgages of more than $1 million in 2023 November 30, 2022December 1, 2022Swapna Venugopal Ramaswamy, USA TODAYComments Off on Fannie Mae, Freddie Mac will back mortgages of more than $1 million in 2023 The loan limit increase mirrors rising house prices, which went up 12% from September 2021 to September 2022, according to the agency.