A VERY cool aspect of this Fed bailout bill is a huge increase in conforming and FHA loan limits. This IS going to happen and happen soon, there will be a one year temporary increase on conforming loan limits as they are set to move from 417k to over 700k! That will be a huge boost to many borrowers in the King and Snohomish County areas along with other pockets throughout the state. The best part is FHA is going to increase their loan limits to the 700k range PERMANENTLY from what our bank said today. That is huge for people with low down payments, not perfect credit or dont have massive assets etc...

Market Update: the most volatile 24 hour period I can remember in the past 10 years. Today we got back our losses from yesterday and then some but the hammering from late Wed afternoon will take a few more days like today to get back...rates are still awesome and should stay this way for awhile. Cheers