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New loan limits for Fannie and Freddie.

Profile picture for Cudo
Contributions: 20

here is the link

http://money.cnn.com/2008/03/06/real_estate/expensive_mortgages_get_cheaper/index.htm

 

is it going to help selling market?

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March 06 2008 - US

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Profile picture for DannyInSoCal

It may help - But remember a majority of buyers need to sell first. 

 

If values are too low - They may not have the funds needed to move up...

 

Thanx, D

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March 06 2008
Profile picture for tgrego
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This will help many jumbo buyers be able to refinance and keep their homes. Great move for FHA. They just raised the credit calbier of the clients

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March 06 2008
Profile picture for tgrego
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This will help many jumbo buyers be able to refinance and keep their homes. Great move for FHA. They just raised the credit calbier of the clients

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March 06 2008
Profile picture for Cudo
Contributions: 20

Do you happen to have any inside of when and how the new limit will get cheaper interest rate?

does FICO # needs to be higher to get a conforming loan of 729K versus 400K loan?

 

thank you

 

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March 07 2008

I f you would like the real skiny see thread

Stimulus Package and affects on local real estate market

includes a link to the new loan limits released yesterday.

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March 07 2008
Profile picture for Darren916
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Cudo, Fico will still typically be 550+, per our lender req's.

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March 08 2008
 

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