Jumbo loan-limit cut has buyers, sellers worried

Boston Herald: Jerry Kronenberg – FULL ARTICLE

Home buyers and sellers fear new rules that cut the size of the cheapest mortgages available will make the already chilly housing market even colder.

“It’s concerning to me beyond just the fact that I’ve got a house on the market,” would-be seller Carroll Ann Bottino said of tighter mortgage rules set to take effect Oct. 1. “Our economy isn’t in any great shakes in this country — and a lot of the problem is housing. We have a lot of unsold homes that we need to move.”

 

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