Is Extending the Jumbo Conforming Limit Necessary?
Posted on October 28th, 2009 by Quick Refinance Quotes News
There are proposals in both the House and Senate to keep the conforming jumbo loan limit at $729,750 until the end of 2010 : “While those [jumbo] loan limits aren’t scheduled to go down to $625,500 until January 1, if not maintained at the higher level now, the mortgage industry will begin to plan for loans at the lower amount,” according to a joint press release by the chairs of the appropriations committees in both houses of Congress, Sen. Daniel Inouye (D-HI) and Rep. David Obey (D-WI).
Filed under: Mortgage Refinance News