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.
You are cordially invited to sign up for our MLS search, among the most feature-rich online. View thousands of homes for sale in Greater Boston. Customize your own daily alerts of both new and changed listings. This search is an essential tool for all home buyers. Click on the MLS logo to sign up (you'll be sent to our sister site). Your privacy will be respected.