Thursday, October 27, 2011

Senate passes amendment to increase loan limits

The Senate has passed an amendment to increase the loan limits to 125% of local area median home prices.
The limits were recently lowered from 125% to 115% and the lowered amount would prevent some home buyers from
getting a mortgage. Read more: http://www.realtor.org/newsletters/washingtonreport/2011-10-24_washingtonreport?cid=WR10252011:32540&ed_rid=1910685#MortgageLoanLimits2

Posted via email from Lisa's Real Estate News

Renters spend more than homeowners on housing