New Loan Limits

Freddie & Fannie have announced new higher conforming loan limits for the next year. The old (2003) limit was $322,700. The new conforming loan limit for 2004 is $333,700. People whose loans are less than the conforming loan limit will pay about a quarter point in interest rate for the mortgage rather than a "jumbo" mortgage- those loans over $333,700.

Posted by bruce at December 1, 2003 01:31 PM | TrackBack