A view of Clearwater Beach, Florida
The House Appropriations Committee approved an extension of the $729,750 loan limits for Fannie Mae, Freddie Mac, and Federal Housing Administration financing in high-cost areas through September 2010.
This is some good news. Without this extension, the loan limits revert at the end of the year to $417,000 in the highest-cost areas.
I am not fond of the local and national media interpreting information for me so if you would like to see the information yourself... you can read the full text here and the bill summary here.
A hui hou (until next time)
~ Lana Robbins
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