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Mortgage Loan Limits May Rise in the US

The US government is reportedly being lobbied by congressional leaders, banks and other lending agencies to raise the limits on conforming loans and mortgages for the purchase of houses and real estate in the country. The Lobbyists are looking for a economic stimulus package that can enable government sponsored agencies like Fannie Mae and Freddie Mac to resell loan packages to investors and home seekers. If the government approves the proposal, you may see a significant cut in your monthly mortgage bill.

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