Mortgage Monday: Good News from Fannie Mae/Freddie Mac

Good news!!!!

Standard and high-cost loan limits for Fannie Mae/ Freddie Mac and FHA/VA are unchanged for 2011. So conforming is still $417,009 and jumbo conforming is still $567,500.

Loan limits are not coming down nor going up any time soon. With interest rates at an all-time low, I still say it is a great time to buy a home. There are a lot of really good deals out there in the housing market. Stop sitting on the fence and get that dream home you have always wanted!

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