I gave a quick radio interview this week that may worth a listen. It’s another take on “Why Now Is A Good Time To Buy” from the mortgage guy’s perspective.
Some of the highlights:
- Getting a mortgage approval is likely to get tougher
- FHA is increasing its fees and Fannie and Freddie are likely to follow
- Why banks are turning down loans with 50 percent downpayments
- How the election is playing into consumer confidence
Mortgage markets are a pendulum and, right now, we’re swinging to the rough side. Give a listen, find your talking points, and help your clients understand what’s coming down the pipe.
(Image courtesy: davebytes.com)
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