While the president is likely to sign the stimulus package into law this week, it is still not clear how long it will take before loan limits actually increase. This article in BusinessWeek suggests that at least some of the new limits (likely on the conventional conforming loan limits, not the FHA loan limits) won’t be in place until the summer of 08! Let’s hope it is much, much sooner for the FHA loans.
Posted by G.R.A. Admin on Monday, February 11th, 2008
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