An interview by Jesse Garcia at www.JesseGarcia.net
Interest rates remained at a low level because the Federal Reserve budgeted $1.2T to buy mortgage-backed securities. That allotment of money has just about run its course. What will happen to interest rates by summer?
The Federal Housing Administration (FHA) is also making some changes to their lending guidelines. Will you need 5% down opposed to the 3.5% it takes now?
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