Talk around the Water Cooler- New Conforming Loan Limits Are Out Today-

Talk around the Water Cooler- New Conforming Loan Limits Are Out Today-

Water CoolerThe news that everyone has been waiting for, the new conforming loan limits are out. Today the first lender introduced the first program to the rate sheets.  The program that has been rolled out first is the 30yr and 15yr fixed rate products. In high cost areas such as where we live in Alameda and Contra Costa county’s the loan amount for the new Jumbo Conforming loan is $729,750.  See here for your county’s conforming loan limit. 

How will these loans be priced?

This is the question that everyone has been waiting for. Subscribe to my site and you will receive an update tomorrow on pricing and features.

Do you believe this rise in loan limits will help stimulate the housing market? I’m curious the consensus on how Realtors perceive this loan change and the benefit to the Real Estate Market. Let me know, comment your opinion.

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