President George W. Bush today signed into law an economic stimulus package that among others includes raising the limits on conforming mortgages financed by Fannie Mae and Freddie Mac to $729,750 from the current limit of $417,000 through December 31 of 2008. It would also indefinitely raise the limit on Federal Housing Administration-backed mortgages to [...]
Tags: Buying a Home, Real Estate, refinance
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