Better to cash out refi after Jan 1?

[James R. Copeland]

A couple questions for whoever has answers: 1. Do the county loan limits go up annual, effective Jan 1? 2. If I was thinking of refinancing to pull cash out to the county limit, would it be better to do it soon, since rates are still relatively low, or wait until the new county limit takes effect, whenever that is? Numbers: Current loan has $2500 per month including $200 PMI (Yucky) Current loan balance <400k Property value estimate: ~580k