The two government-chartered companies adjust the single-family mortgage limit annually, based on the change in the average home price as calculated by the Federal Housing Finance Board. The change saves money for some people who buy expensive houses. In mid-December, Bankrate.com's nationwide survey of large lenders showed that a typical rate for a conforming, 30-year mortgage right to buy mortgages right to buy mortgages was 7.05 percent; for jumbo mortgages, the rate was 7.39 percent. Consider how those rates would affect someone getting a $300,000 mortgage. In 2001, that was a jumbo mortgage; in 2002 it isn't. At 7.05 percent, the principal and interest on a $300,000 mortgage would cost $2,006 a month; at 7.39 percent it would cost $2,075 a debt termination right to buy mortgages month, a difference of $828 a year or $24,840 over 30 years. Ready to find a mortgage? Check rates in your area. For families buying houses in that price range, the nearly $25,000 in savings over 30 years is enough to buy a Viking 48-inch gas range and 36-inch oven, and a Sub-Zero side-by-side stainless- steel refrigerator-freezer, with mortgage marketing right to buy mortgages enough left over to splurge on a Fujitsu 42-inch plasma-screen television! The limit of $300,700 applies to houses in the continental United States. The limit will be $451,050 in Alaska, Hawaii and the U.S. Virgin Islands. Limits for multi-family homes in the continental United States will increase, too: Two-family residences: $384,900; Three-family: $465,200; Four-family: $578,150. Limits are 50 percent higher in Alaska, libor loans right to buy mortgages Hawaii and the Virgin Islands.