Higher down payments, mortgage rates forecast for October | July 1, 2011 | Pleasanton Weekly | PleasantonWeekly.com |


Pleasanton Weekly

Real Estate - July 1, 2011

Higher down payments, mortgage rates forecast for October

Thousands could be shut out of homeownership, Realtor group warns

by Jeb Bing

More than 30,000 California families will face higher down payments, higher mortgage rates and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning Oct. 1, according to analysis by the California Association of Realtors.

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