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Coming loan changes could squeeze high-priced home markets

By Julie Schmit, USA TODAY – FULL ARTICLE

Time is short for some buyers and owners of more expensive homes to get the best terms on mortgage loans. Starting Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. That will force many future borrowers into more expensive and harder-to-get jumbo loans.

 

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