In a victory for NAHB, a provision that will extend the loan limits for mortgages issued by the Federal Housing Administration and purchased by Fannie Mae and Freddie Mac through the end of next year was included in a continuing resolution approved by the House and Senate late last month.

The loan limits will continue to be capped at $729,750 in high-cost markets. Those caps were due to expire on Dec. 31 if Congress had not taken action.

Signed by President Obama, the continuing resolution in which the loan limit extension was included will provide Congress the time it needs to complete all of the outstanding fiscal 2010 appropriations bills.