One of the pieces of last week’s economic stimulus package is a temporary increase in FHA (Federal Housing Administrations) loan limits. The current FHA loan limit of $362,790 for Middlesex County meant that a lot of our market couldn’t use FHA programs. Although the new limits haven’t been announced yet, it looks like the temporary range will be in the $500,000’s. Not only is this going to make is easier for people (who meet the FHA requirements) to purchase, but also if you have an adjustable rate mortgage you might be able to refinance into an FHA fixed program.