Higher loan limits are here through 2010

Many buyers have been waiting and concerned about the expiration of current higher loan limits that were scheduled to take place at the end of 2009. But last week, Congress passes a resolution that extends the higher limits on the FHA, Freddie Mac and Fannie Mae loans to continue through 2010.

There was an increase in activity levels in South Orange County this past weekend, especially in Ladera Ranch homes, and also in Rancho Santa Margarita, Dana Point, Mission Viejo and Laguna Niguel, as buyers are ready to move forward again.