economic stimulus package: Hope on the Horizon for the Real Estate Market?
- 02/05/08 05:01 PM
I see a glimmer of hope in this economic stimulus package that is on the verge of being passed. It brings about the best news for the housing market in some time. In addition to the tax refunds that everyone seems to be focusing on, the increase in the conforming loan limits have been overlooked as a small matter. It most certainly is not. Currently, you have a secondary market with very little demand for jumbo loans. Except for the portfolio lenders, most companies who write your loan turn around and sell it on the secondary market. With less demand, and … (0 comments)
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I see a glimmer of hope in this economic stimulus package that is on the verge of being passed. It brings about the best news for the housing market in some time. In addition to the tax refunds that everyone seems to be focusing on, the increase in the conforming loan limits have been overlooked as a small matter. It most certainly is not. Currently, you have a secondary market with very little demand for jumbo loans. Except for the portfolio lenders, most companies who write your loan turn around and sell it on the secondary market. With less demand, and … (0 comments)
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