Economic Stimulus Package Includes Mortgage Financing
Sedona real estate could get boost from mortgage financing
With Sedona homes including some luxury real estate that costs upward of $500,000, the new economic stimulus package could be a big help. In addition to the well-known tax rebate, Forbes reports on the mortgage financing provisions:
finance companies Fannie Mae and Freddie Mac to buy individual home
loans worth up to $729,750, up from the current limit of $417,000. The
Federal Housing Administration would be allowed to insure loans as high
as $729,750 as well.
These are likely to be more helpful to Sedona real estate, as the tax rebate phases out for higher-income families. The efforts are being made in order to shorten — or even prevent altogether — a US recession.
For more on the effects of the economic stimulus package on Sedona real estate, contact Claudia Ault.
Related Links
More on the Economic Stimulus Package
Information on mortgage financing changes and more
Find Sedona luxury real estate
More on the Sedona Real Estate Market
Living in Sedona
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