sdhomies

More Mortgages To Be "Conforming"

This post from PFBlog seems especially relevant to buyers in San Diego:

Mortgage funding titans Fannie Mae and Freddie Mac have raised their 2005 conforming limit to $359,650, up from the 2004 limit of $333,700.

Most downtown condos are in the high 400k so this is pretty good news for getting the first mortgage to be conforming.