Also, average down payment right now is something over 10% down (I read 20% in SD) depending on area. 5% down (prior to now) and 3% down are theoretical minima, if a bunch of other criteria are met. Those criteria tend to raise real down payment requirements higher.
Anyway, hope the GOP congress puts FHFA’s yarbles in a vise and twists the handle. Hard. Tick-tock-tick-tock. Another month till some … change.
