Tuesday, September 20, 2011

New mortgage limit may hurt home sales | The Tennessean | tennessean.com

New mortgage limit may hurt home sales The Tennessean tennessean.com

“Any loan amount over that cap is going to mean a higher cost to borrowers,” real estate appraiser Richard Exton said. “We still have quite an inventory of homes in that $550,000 to $750,000 range, so making it harder to buy those homes is not going to be a good thing.”
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