As of the new year, everyone's favorite loan giants Fannie and Freddie will be chopping their loan limits across the "high-cost" Bay Area by more than $100,000, bringing the big checks down to $625,500. Not only can fewer people afford those pricey condos, but home prices are coming down, too. Still, many modest Bay Area home purchases would require jumbo loans -- and if you're one of those modest Bay Area homeowners, you may want to do a little refinancing this holiday season. [SF Gate]
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