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FANNIE MAE/FREDDIE MAC AND THE TICKING CLOCK

So government backed mortgages in our tri-county area of Sacramento, Placer, El Dorado County have new conforming loan limits of $580,000 - up from $417,000.

But, it's a ticking clock. The limits are set to expired 12-31-08 and it going to take a fair amount of time for the lenders to "get with the program" so it's actually helpful sooner rather than later.

Posted Sunday Mar 09