There’s been a lot of press coverage on the rebates that are part of the proposed economic stimulus plan but there are other parts of it too.

One is to raise the conforming loan limits from the current $417,00 maximum to as high as $725,000 in high-cost areas. Currently, many home buyers on the Central Coast have to look at Jumbo loans as their financing option.

This is not a done deal yet but heading in the right direction.