U.S. Senate Votes to Extend Higher Loan Limits

Late Thursday, the U.S. Senate approved an amendment to a spending bill that would extend higher loan limits on government-backed home loans through 2013. The temporarily raised loan limits expired Sept. 30. 

Read a Housing Wire article for more details. And read some early analysis in a blog post on thehill.com.

The complete spending bill still has to pass both the Senate and the House of Representatives for the extension to be enacted. You're urged to contact your senator and representative about the importance of passing the bill.

A letter template is available at realtoractioncenter.com.

"Raising the loan limits was the right thing to do in 2008, and it would be a big mistake to burden the market at this point with lower limits," says Dave Liniger, RE/MAX Chairman and Co-Founder. "Housing is still fragile, and if the higher loan limits aren't extended we risk losing momentum we’ve worked hard to build over the past three years."

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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