2008 Arroyo Grande Sales - Off to a Good Start - Since the first of January, 71 single family, Arroyo Grande homes have sold or are in escrow. Below you will find recent sales and active listings in Oak Park Estates, Las Jollas de Rancho Grande, and The Highlands.
Conforming Loans Should Increase to $729,750 - Currently, conforming non-jumbo loans, cap out at $417,000. The House of Representative and the White House agree loan amounts should be increased as high as $729,750.
What will this mean to you? If you have a loan greater than $417,000 you may want to refinance. Interest rates for conforming loans are typically 1.5% lower than jumbo loans. If you are in the market for a home or plan on selling your home, buyers with good credit will qualify for as little as 5% down payment at the lower conforming interest rates. The change will make homes more affordable and might sell quicker for a higher price. The economy stimulus package is expected to be signed by mid March. Please contact me and I will send you the article. Ref: Sanluisobispo.com.