Mortgage Limit Raised to $417,000
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For those who are looking to buy a house, the mortgage limit before you have to get a Jumbo Mortgage is now $417,000 lowering the cost for people trying to get a mortgage under that.
U.S. mortgage finance regulators on Tuesday raised the limit for loans that can be bought by government-sponsored mortgage enterprises Fannie Mae and Freddie Mac to $417,000 for 2006, in most areas. Lenders charge lower interest rates for mortgages they are confident they can sell to Fannie Mae and Freddie Mac. Stephen Blumenthal, acting director of the Office of Federal Housing Enterprise Oversight (OFHEO), announced the rise in what is called the conforming loan limit for single-family mortgages purchased by Fannie Mae and Freddie Mac. The 2005 limit is $359,650. via Reuters
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Great to hear that the big boys
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Thanks for the value! 
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I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
