Higher Loan Limits Pass without a Problem
The word higher really means that the higher loan limits that Congress passed for 2009 will stay in effect for 2010. So the headline should have read, loan limits to remained unchanged for 2010 or Loan limits won’t decrease in 2010 even thought average selling price of homes has.
Read more here http://www.dsnews.com/articles/congress-passes-higher-loan-limit-extension-for-federally-backed-mortgages-2009-10-30
-sunil
SMA REALTY
Sunil Sethi / Broker, Preisent, REALTOR, MBA, CPA / SMA Realty
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