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[28 Nov 2010 | One Comment | 2,544 views]
Conforming loan limits to stay unchanged next year

Fannie Mae and Freddie Mac – the two government sponsored enterprises that buy most of the mortgages in the country – announced this month that the conforming loan limit of $417,000 will remain unchanged through the first nine months of 2011.
That announcement was repeated in one media outlet after another shortly after it was made, but here’s the thing – most Arkansans don’t have to worry about it. Still, the announcement provides an excellent opportunity to discuss the issues of conforming loan limits, what they mean to most consumers and …