Colorado Mortgage Loan Limits Changing: Why you Should Care?
Conforming and FHA mortgage limits will be lower around Colorado beginning October 1st , but what affect will it have on homes in Colorado? While it may not affect some cities, neighborhoods, or homes in Colorado, it will have a big impact on some in many areas. The availability of financing plays a major role in the Colorado real estate market and if home buyers can’t obtain financing it reduces the demand for homes. Lower demand for a home or neighborhood can lead to lower home values.The government is betting (hoping) the private sector is ready to start investing in mortgage backed securities that are not insured or guaranteed by the government and will fill the void left by the government.
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