Tuesday, March 10th, 2009 at 4:50 PM
New Loan Limits?
The recent bailout legislation included raising the super-conforming loan limits back to where they were last year – $697,500 in San Diego County.
The Fannie/Freddie websites noted the change a couple of weeks ago.
But have you seen any lenders funding super-conforming loans to $697,500?
Me neither, and no word as to when they might be available. Think lenders are just too busy to get around to it? One of them could break out and capture a niche in the marketplace, and if Fannie/Freddie are buying, how risky could it be?
Posted on Tuesday, March 10th, 2009 at 4:50 PM in Interest Rates/Loan Limits | 4 Comments » | 
Print
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
They are coming! The limnits were jsut raised officially last week and the pricing engines are still being finalized. Should see them on the streets in a week or two.
Mortgage Dude | March 10th, 2009 at 5:49 pmCrap. That means another year of prices being held up by fools buying with easy money.
Wake me when standards are back to 20% down, full doc, loan value 3x income.
W.C. Varones | March 10th, 2009 at 8:11 pmWhat ARE the standards for a Fannie/Freddie loan these days?
I would think full-docs had to be the minimum change here….
shoppingaround | March 10th, 2009 at 8:51 pmI don’t think the raised limit will help. Funding is not readily available and lenders will still charge a few extra points. One step forward, two steps back.
3clicks from da Beach | March 11th, 2009 at 9:50 am