when will new purchase mortgages reflect the new conforming loan limit?
I am looking to purchase a new home and wondering about the timing of the conforming loan limit change. Should I wait to put an offer in until banks reflect a change? Will this change take day, weeks or months? I found a place I like but am worried about loosing it.
I already know the home is in a high cost area and will be able to take advantage of this change. My question pertains to WHEN this will be available.