Home buyers try to beat "jumbo" loans squeeze

On October 11, it is expected that Fannie Mae and Freddie Mac will not extend the current temporary $729,750 conforming loan limit in high cost areas, and that th limit will be reduced to the permanent limit of $625,500.  In an article published by Reuters http://reut.rs/eWVJtk, Linda Stern discusses the change, what it will mean to potential buyers and sellers in this market, and comes up with some pretty positive conclusions.  Please check it out.