24
Feb

County-by-County: The 2009 “High-Cost” Conforming Loan Limits

As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country.  “High cost” is defined by a regions’ median sales price.With the temporary increase, a greater share of Americans can now qualify for Fannie Mae- and Freddie Mac-backed loans, usually the least expensive source [...]