Congresswoman Says Higher Conforming Limits to be Part of Stimulus
San Jose Congresswoman Zoe Lofgren said the return of higher conforming loan limits will be a part of the new stimulus bill floating around Washington.
On January 1, the high cost conforming limit fell from $729,750 to $625,500 in some of the most expensive areas of the country, making it more difficult for certain homeowners to take advantage of the record-low interest rates available at the moment.
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