As discussed in this Wall Street Journal article, the FHA loan product that has been a large part of the real estate recovery in Southern California may be changing and not for the better. The current upper end loan limit of $729,750 may expire in October and be reduced back to the previous upper limit of $625,000. Loans may also get more expensive as Mortgage insurance goes up and interest rates rise too. Downpayment amounts are also expected to go up. So now may be the time to get off the fence and make your home owning dream a reality!