The house fails to vote on loan limits . .
As noted in the link, Congress has failed to extend the conforming loan limits on government-backed loans at Fannie Mae and Freddie Mac set to expire on Oct 1st.
In a challenging market, the government should be helping not hurting. This failure will impact many markets in the country where homes regularly sell for over $625,500 which is the point at which the ceiling will retreat. The continuation of the current numbers has been proposed in several bi-partisan bills. Contact your representatives today and insist that this be passed.
If you're a home owner or hope to be one someday, this effects you! Make your voice heard!