Mortgage Update

HUD is looking to increase down payment requirements, mortgage insurance premiums, reduce the allowable seller concession from 6% to 3%, among other things. Read more. /// The good thing about risk-based pricing is that much lower rates can be obtained with high credit scores. Better yet, we can ...

Market assessment The 30yr fixed is expected to go up to around 6% as the Fed stops buying mortgage backed securities in March, the home buyer tax credit program will expire the following month, and foreclosures are expected to flood the market. Prices are expected to drop. Prices may come down, ...