FHA just announced the increased conforming loan limits and as expected, our Bay Area counties (SF, Alameda, Contra Costa, & Marin) have the maximum limit of $729,750! That will stay in effect until December 31, 2008 unless they decide to make it permanent.
Now, we just have to wait to feel the effects outside of FHA from Fannie & Freddie Mac and then the investors like Wells Fargo, WaMu, Chase, Citi, etc.
Check back often as I'll be sure to post new developments as soon as possible!
Wednesday, March 5, 2008
BREAKING NEWS
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