Here is Your Chance to Make a Difference...

There are several high-cost real estate markets throughout the country with challenging conditions to provide affordable loans above the current conforming loan limit of $417,000.

NAR issued a Call-for-Action today asking REALTORS(r) to contact their U.S. Senators to urge them to include an increase to the FHA and conforming loan limits in the economic stimulus package that may be voted on as soon as Thursday.

The U.S. House of Representatives yesterday passed a stimulus package that raises the FHA and conforming loan limits to as high as $729,750 in high-cost areas.

There is speculation that the Senate version of the stimulus package DOES NOT include these increases.

Both NAR and C.A.R. haved waged a long campaign to raise these loan limits. It is critical that the final stimulus package include the increases.

ACTION ITEM

If you are a Realtor, lender, in the real estate industry or a concerned citizen:

Please contact Senator Barbara Boxer and Senator Diane Feinstein or your state Senator by responding to NAR's Call-for-Action. Look for an e-mail from the "National Association of REALTORS" and click on the "Take Action" button included in the body of that e-mail.

FOR MORE INFORMATION

Please visit NAR's web site at http://www.realtor.org/.