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Required Mortgage Down Payments Increasing | FHA Loan Limits Dropping?

May 25, 2011

Fellow REALTORS, its happening. The required down payments for all mortgages are increasing…and at the worst possible time for the housing market. Now that the new QRM (Qualified Residential Mortgage) rules are in effect…to be in full force April 2012…the debate over down payments has heated up. On one side are those who think that the required down payments for all mortgages should increase. The Republican proposal would require most FHA borrowers to put down at least 5 percent. Those who support the idea say that forcing borrowers to have more equity in their homes would better protect homeowners against [...] Click Here To View More

15-year fixed mortgage, 30-year fixed mortgage, 5/1 ARMs, Agent Education, american dream, arm loans, Breaking Real Estate News, fha, fha home loans, FHA Loans, FHA MIP, fha mortgage insurance, NAR News, National Real Estate News & Comment, QRM, Qualified Residential Mortgage, Real Estate Coaching & Market News, Real Estate Industry, Real Estate News, Ron Phipps - , , , , , , , , ,

30-Year Fixed Mortgage Rises for First Time in Six Weeks

May 24, 2011

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.45 percent, up from 4.43 [...] Click Here To View More

15-year fixed mortgage, 30-year fixed mortgage, 5/1 ARMs, Celebrity Homes, Celebrity Homes, Celebrity Real Estate, Columnists, Finance, Mortgage Rates, Mortgages, zillow mortgage marketplace

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