My New Blog


On Tuesday, the Senate introduced SB 1508, a bill to extend the current loan limits for one year. Originally sponsored by California Senator Dianne Feinstein, the bipartisan bill would increase the cost of loans for Fannie Mae and Freddie Mac between $625,500 and $729,750, to offset the perceived cost of increasing the loan limits another year.

Without Congressional action, the current loan limits will expire on Sept. 30, 2011; the VA limits will expire December 31st.

Housing markets remain fragile, and this bill will ensure the market is not further disrupted, causing more declines in home values and making it even more difficult for American families to purchase a home.

NAR recently issued a letter of support for SB 1508, and C.A.R. will continue to keep members updated on this issue.

C.A.R.

Posted by Adam Andrus on August 4th, 2011 11:25 AMPost a Comment (0)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Have Every Home In Your Price Range Sent Right To Your Email Account!

 


Adam Andrus 1041 41st Ave Santa Cruz, CA 95062
Phone: Cell:

Copyright © 2013 Adam Andrus
Portions Copyright © 2013 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.