Great news for this buyers market
You can find great local Pleasanton, California real estate information on Localism.com Mike Jackson is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
I definetly support the latest update of the stimulus package for the economy by raising the conforming loan amount limit from $417,000 up to $725,000 in high cost areas. What this means is more buying power for the buyers in this market. We definetly need a push like this to help our economy avoid a recession. To see if you qualify for a loan PREQUALIFICATION
A LINK DESCRIBING THE LOAN CONFORMING LIMITS
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Congressman Ron Paul Schools Bernanke on the Bailout Plan
Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout. Use www.votesmart.org to tell your representatives you don't want this plan.
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lukey81 wrote...
I am an Australian mortgage broker, and I can certainly tell you that the US credit crisis is having a huge impact on Australia. We have has several mid sized mortgage companies close down, as well one very large bank (Macquarie Bank - they own Sydney Airport) pull out of the residential mortgage market altogether.
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Posted June 19, 2008
