For months there has been speculation that the loan limit for VA financing which currently is at $417,000 would be raised in 08. The projection was that it would be over $500,000. The news now is that it is not going to happen. From a real estate market standpoint, I think the market would benefit from an increase. With increasing home prices, the low end luxury market is really suffering. I think that it would be a good boost to the overall health of the real estate market. Do you think this is a good or bad idea to leave them where they are at.
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