Mortgages rising? Just Say No! Voice your Opinion Today! - 06/27/11 02:15 PM
Unless Congress acts, the current loan limits will expire on Sept. 30 and the cost of a mortgage could rise significantly. More than 669 counties in 42 states and the territories would be negatively impacted by the loan limit change.  The average decline in loan limits would be more than $68,000 nationally, and loan limits for FHA, Fannie Mae, and Freddie Mac-insured loans will drop to 115 percent of the local area median home price with a cap of $625,500.  Currently, limits for these loans are 125 percent of local area median home price with a cap of $729,750.
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Is a Housing Shortage on the Horizon? - 06/09/11 09:59 AM
According to a recent Realtor.Com article a looming housing shortage may be on the horizon.  Over the next decade there may be a shortage of as many as 16 million housing units as construction has dried up during the current economic conditions.  Read the whole story at http://www.realtor.org/RMODaily.nsf/pages/News2011060801?OpenDocument.
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Dana Harris - Del Mar Realtor

Del Mar, CA

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