18th January 2013

Housing Industry Awaits Mortgage Rule On Down Payment Size

If you’re planning to buy a home and have not yet taken advantage of the outstanding home prices and low interest rates you should read this. Things could get a little tougher with regard to downpayment requirements in the next few months. Hopefully regulators like the CFPB won’t go overboard because that will do nothing but harm the economy and hurt the housing recovery which is already nicely underway.

>Housing Industry Awaits Mortgage Rule On Down Payment Size.

 

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Robert Whitfield
Broker/Owner
Advantage Realtors
678-585-9691

This entry was posted on Friday, January 18th, 2013 at 11:05 am and is filed under Home Buyers, Mortgages, New Posts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

There is currently one response to “Housing Industry Awaits Mortgage Rule On Down Payment Size”

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  1. 1 On February 1st, 2013, Charleston SC Realtor said:

    This isn’t the only thing that is coming. The FHA also has increased the mortgage insurance premiums starting in 2013. As soon as the Fed stops buying treasury bonds the 30 year mortgage rates will definitely increase which will not help us realtors sell homes and keep the economy alive. Fingers crossed my friend.

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