New loan limits for 2009 released today - 11/07/08 03:26 PM
For a pdf version of the new loan limits for 2009 click on the link below. If you live in an area where current rates are higher, you may want to look at buying or refinancing now.
http://www.fhfa.gov/GetFile.aspx?FileID=134
  Here is the summary of how the new rates were calculated.
 Fannie Mae and Freddie Mac conforming loan limits for the high cost areas below may not exceed the corresponding levels listed. These loan limits apply to
loans purchased between January 1, 2009 and December 31, 2009. For a one-unit property, the maximum loan limit is calculated as 1.15 times the median
house price … (0 comments)

 
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Glen Mitchell Broker, CDPE, Santa Cruz, San Mateo, Monterey, San Francisco, Maui

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