home mortgage: Will Home Mortgages Become More Expensive, Soon?
- 01/09/14 01:58 PM
Will Home Mortgages Become More Expensive, Soon? Did you know new lending guidelines will be in place beginning this March? Home prices have been on the rise and along with that the mortgage interest rates too, have gone up. Lending rules are getting tougher. Even though Fannie Mae and Freddie Mac do not originate new mortgages they do buy about 66% of the loans underwritten by the banks. Fannie Mae and Freddie Mac have announced new tougher guidelines which go in effect starting March 2014. This is expected to easily add about half a point to the interest rate that a … (0 comments)
Will Home Mortgages Become More Expensive, Soon?
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