Dropping the 20% down requirement will aid in our housing recovery. ——————————————————————————————– Bankers and housing advocates were concerned that requiring a 20 percent down payment would keep many people from buying a home. Lenders and affordable housing advocates won a victory when federal regulators walked away from a proposed rule that would encourage mortgage lenders
Higher Mortgage Rates Won’t Kill Housing Recovery
Mortgage rates are back above 4% for the first time in a year, but the rate rise probably isn’t going to be enough to take the wind out of the sails of the housing market rebound. The Mortgage Bankers Association reported on Wednesday that rates jumped to 4.07% last week for the 30-year fixed-rate loan,