More Good Mortgage News!

Feb 19, 2008

President Bush recently signed a major stimulus package that should provide some support to cash-strapped Manhattan homebuyers. The stimulus package temporarily raises the maximum size of mortgages that government-sponsored mortgage companies Fannie Mae and Freddie Mac can purchase and market as securities from $417,000 to as high as $729,750 in expensive parts of the country such as New York and California.

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