No Conforming Loans Above $417k Until April?

The Senate finally signed off on the economic stimulus package which includes tax rebates to individuals, tax benefits for business and conforming loan limits up to $729,750 depending on median home prices in a given area. The higher limits were expected to run through 2008, and go into effect as soon as late-February. Now it looks like the higher limits might not take effect until late-March or April. More to come as it develops.