Taken from; http://www.bankrate.com/brm/news/mtg/20011130a.asp ------------------------------------------------------------ The jumbo mortgage just got bigger. "As of Jan. 1, 2002, Fannie Mae and Freddie Mac increased the single-family mortgage limit to $300,700 from the 2001 limit of $275,000. Mortgages above $300,700 are considered jumbo loans, which usually have slightly higher interest rates. The change means that house buyers will be able to get bigger houses than before without paying the higher jumbo rate. The change benefits shoppers who are considering buying a single-family house in the $275,000 to $300,500 price range." ------------------------------------------------------------ VJ
