And the Powerball jackpot number is 697,500.
The big news today is that both the FHA and conforming loan limits for San Diego County are now $697,500, this according to the Department of Housing and Urban Development. That’s the easy part to digest. What precisely this will mean to borrowers, and when, is a little more unclear.
I took the opportunity to chat briefly this afternoon with Tim Fiero, Senior Loan Consultant for Home Services Lending. Lenders and mortgage brokers are busy, busy folks this week, so a big Gracias to Tim for agreeing to give me a little of his time and a lot of insight.