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In 2011 -- for the 6th consecutive year -- the single-family conforming mortgage loan limit will be $417,000. The "high-cost" area program is extended, too.
Among the most overlooked elements of the recently-passed stimulus package is the reinstatement of 2008's conforming loan limits. Up from $625,500 to $729,750, homeowners in high-cost areas have a better chance of accessing today's low mortgage rates and that is good for both housing and the economy. Areas designated as...
Another day, another demand-side stimulus for the housing market. Huzzah. In the sprawling 407-page stimulus bill, nestled in on page 111, Congress authorized a reinstatement of 2008's temporary conforming loan limits. Effective immediately, home loans in high-cost areas can be insured by Fannie Mae or Freddie Mac up to $729,750....
