freddie mac: Light at the end of the Tunnel
- 05/06/08 08:26 AM
5/06/08 Dear All- The Real Estate Market has just turned for the better. Earlier this year congress approved raising Fannie-Mae, Freddie-Mac and FHA loan limits to $729,750 in high cost areas of the country such as Washington DC. For Fannie and Freddie this was an increase from a limit of $418,000. For FHA it was an increase from $362,000. The increase is temporary and due to last only through December 2008 when, if it is to continue, it will need to be extended. Since the loan limit increase, the financial markets, poisoned by the sub-prime credit crisis, have been reluctant to lend (0 comments)