On November 23, 2016, the Federal Housing Finance Agency ("FHFA") released the 2017 conforming loan limits for Fannie Mae and Freddie Mac. The national conforming loan limit was raised to $424,100 while the limit in the most costly areas was raised up to $636,150. On December 1, 2016, the Federal Housing Administration ("FHA") released its 2017 Loan Limits. In high-cost areas the FHA national loan limit "ceiling" will increase to $636,150 from $625,500. FHA will also increase its "floor" to $275,665 from $271,050. The standard loan limit for lower cost metropolitan areas will increase from $271,050 to $275,665. The increases are due to a rise in housing prices across the country. Loan limits increased in 2,948 counties, loan limits remain unchanged in 286 counties and no counties faced a loan limit decrease.