On Friday, the FHA announced new loan limits for 2014 in Mortgagee Letter 13-43. Not all counties will be affected, but 650 areas were deemed higher cost and will now have their maximum loan amounts reduced. Find out which counties were affected, how numbers were calculated and what you should do about this in this week's Realtor Snapshot. Here, you will also find information relating to current mortgage rates. Click below to access this week's Realtor Snaphshot:
So, now that the FHA announced new loan limits for 2014, will your area be affected?
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