Chase appears to be the first bank (that we know of) that is moving to lower conforming loans limits. According to our sources, the bank has to have its $729,750 loans locked in by the end of the business day today and close by September 30th . Starting tomorrow their high balance loans will be capped at $625,500.
That’s right, folks – starting tomorrow, any loans with Chase above the $625,500 mark will be in jumbo pricing territory. Which bank will next follow suit?
Stay tuned for a deeper analysis of these changes shortly …


