Home › Forums › Housing › Gov’t to target 4.5% for mortgages › rbeast wrote:When will 4.5%
[quote=rbeast]When will 4.5% take effect – any guesses???[/quote]
Don’t hold your breath, but I will post ASAP if it ever becomes available.
(Rates were 5.00% last week, and were actually available)
I doubt it will be a simple loan…probably going to be a bailout fee/tax attached.
Who knows, it may not ever happen.
As of today it’s only talk. Who knows what the qualifying or the loan amount caps will be.
Socrat, If it is similar to current programs you will have mortgage insurance with a 90% loan.
@ $495K, your total payment would be about $3400. It’s about $3150 PITI + MI .HLS
