Financial/Mortgage Update

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The news today from the Federal Housing Finance Agency was that conforming loan limits will remain at $417,000 in the continental United States for 2009. There are higher loan amounts for certain counties. These are known as ‘High Cost Areas” and we are one of them. Our conforming loan limits will be $625,000 (In 2008, we enjoyed a higher limit of $729,750). Any loans above $625,500 will be at the higher Jumbo Rate shown above.

This has been such an interesting week for our Country. With the elections over, there seems to be more focus and forward movement. There was so much excitement by so many at the possibilities of our desires like peace and equality. This can only translate positively for us in the future.

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