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www.Refinance-Internet.com - Refinance Rates, Refinance Programs, Refinance Payments
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| Mortgage Interest Rates |
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Conventional Loan Limits Increased For Freddie and Fannie |
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The Office of Federal Housing Enterprise Oversight (OFHEO) announced on Tuesday
that new limits will apply for loans that can be purchased by
the two Government Sponsored Enterprises for which it has oversight.
Effective January 1, 2006, Freddie Mac and Fannie Mae will be able to purchase
single family home mortgages up to a limit of $417,000. This is an increase
of 16+ percent from the $357,650 cap for 2005.
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