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Real Estate Briefing - Categorized | Market Moves, Mortgage more

U.S. to lower the size of mortgage it will guarantee

Posted on 27 September 2011

The change will result in higher costs and bigger down payments for many home buyers. In California, real estate professionals are bracing for a hard hit as buyers learn they may no longer be able to afford the higher-priced homes they had been considering.
Uncle Sam is about to take a first tentative step out of the mortgage business by lowering the size of home loans that the federal government will guarantee, and it’s already hitting California neighborhoods with higher costs and bigger down payments……………………………………….Full Article: Source


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