May 3, 2008The proposal to decrease conforming mortgage loan limits from the current level of $417,000 has been squelched by the Office of Federal Housing Enterprise Oversight. Any amount over that limit is considered a "jumbo" loan, since it is not salable to the major secondary buyers of mortgages thus making them more expensive for borrowers.
Leading real […]
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May 3, 2008Many multimillion dollar homes don’t seem to be affected by the highly publicized housing slump. Their prices remain firm or continue to rise, and there’s an ample supply of affluent buyers ready and will to buy - many opting for an all cash purchase transaction.
One reason for that strong market niche is that the nation’s […]
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