Friday, March 7, 2008

FINALLY, FHA Limits Increased in DC & Area, Fannie/Freddie Soon to Follow

If you take a look at the video blog below from two days ago, you'll see that for about a year, its been my belief that relief will not come until FHA or Fannie/Freddie increase their lending limits to help homeowners in trouble. Well, that time has finally come. Yesterday FHA increased their limits in the DC Metro area to $729,750 for single family homes and up to $1,403,400 for four family homes. An impressive feat considering that their limits have been $360,000 for more years than I have been alive.

With this newfound freedom for refinances and purchases can we be approaching the bottom?

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