Higher Limit Mortgages Extended: For Now

There is good news for home-seekers in the greater San Francisco Bay area: Fannie Mae and Freddie Mac, the country’s two major mortgage giants, will continue to guarantee mortgages at the current higher limit until at least the middle of next year.

This is good news for buyers in expensive markets like Danville, Alamo and San Ramon. While representatives from the federal government have said that they wish to reduce the fed’s role in this area, they say that, with housing markets still recovering, now is not the time to burden the market by moving to lower limits.

Are you looking to buy or sell real estate in Danville, CA, or in the surrounding San Ramon Valley areas? The Zwahlen Team is dedicated to serving your needs. Contact us today!