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Cap may make it harder to obtain mortgage (San Diego Union-Tribune) The cap on single-family home loans in San Diego County that can be purchased by government-sponsored Fannie Mae and Freddie Mac will be reduced in January from $697,500 to $546,250. In a move that's expected to make it harder for some consumers to get mortgages, the Federal Housing Finance Agency announced yesterday that it is replacing temporary caps that expire on Dec. 31.
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