Using August instead of October as a reference point (that is the latest data available as this is being written), we can project a new single-family loan limit as follows if a downward adjustment were made: FHFB's average purchase price, August 1993 $143,000
FHGB's average purchase price, August 1992 -147,900 -$4,900 -$4,900/$147,900 (last year's average purchase price) = -.033130 + 1 = .96687 .96687 x $203,150 (last year's loan limit) = $196,419.64 Rounded down to the nearest $50 = $196,400