New Loan Limits Not All They’re Cracked Up to Be?
Jumbo Loan Rates Still In The Air - LA Times - 2.22.2008
I know this is a critical issue for many of you hoping to take advantage of the increased limits. Unfortunately not much is certain at this point but this article does a good job of documenting the uncertainty. HUD has at least 21 more days to publish the area median home prices that the new limits will be based on. Once they publish their number it will be about 1-3 weeks before Fannie and Freddie are ready to start purchasing the closed loans. As always, you’ll know what we know. In the meantime feel free to call or email with any questions you may have.