The Seattle Times had an article on Friday discussing the end of the mortgage era. There are proposals to wind down Fannie Mae and Freddie Mac. Even if they do not do away with the housing giants, there are big changes coming for mortgages. This may be good for the big banks, but will not be good for people getting mortgages in terms of the cost and requirements/restrictions on lending.
If you qualify, NOW is the time to get locked in before these changes are implemented. If you are looking to get qualified, we would be happy to get you in touch with one of our preferred lenders.
Here is a link to the article.