Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. These loan limits, set at 125% of local area median home price and capped at $729,750, would have expired on December 31, 2009. In that event, the limits would have been lowered in many markets. The extension is included in the Continuing Resolution to fund the government for the remainder of 2009. The President was expected to sign it into law over the weekend.
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Thanks for visiting. My goal here is to shed some light on the real estate market for Greater Boston home buyers and sellers. When possible, I use charts to illustrate trends. But this is not a technical blog; it is written for everyone, simply and clearly. I've also posted a few of my photos for visitors to enjoy. - Ron Cohen
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