Truckee Tahoe Real Estate Conforming Loan Limit Changes
Truckee
California Real Estate NewsConforming Loan Limit Changes for 2009 Bonnie Jessee,
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Despite the slide in housing prices in most parts of the country, the conforming home loan limit will remain at $417,000 next year for most of the country.
The limits set the maximum size for loans that Fannie Mae and Freddie Mac can purchase. Conforming loans generally have lower interest rates, perhaps up to a half percentage point lower, than nonconforming, or jumbo, loans.
The loan limits are based on changes in average home prices over the previous year, but under terms of housing-recovery legislation passed this …








